US Non-farm payrolls see Euro hit its strongest level against Sterling since May 2015 (Tom Holian)

GBP EUR Exchange Rate: Weekly Review July 16  

As predicted in yesterday’s article you will see how much impact the jobs data from the US caused yesterday to Sterling Euro exchange rates.

This has seen the Euro strengthen to its best level against Sterling for 5 months creating some excellent opportunities to sell Euros into Sterling.

The jobs report showed a total of just 142,000 new jobs created in September compared to the estimate of 205,000.

This surprised markets and now it appears less likely that the Federal Reserve will increase interest rates before the end of the year.

With the Bank of England meeting due to take place on Thursday I think we will see all 9 members of the MPC keeping rates on hold which could further weaken the Pound vs Euro.

If you need to sell Euros then this week could provide you with the best value since May 2015.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]