Pound Sterling Rates moving in the right direction for Euro Buyers (Tom Holian)

GBP EUR Drops After GDP Misses BoE’s 5% Target

The Autumn Statement this morning has given Sterling a boost vs the Euro as the market has taken it well.

The reaction is that the report is less austere than initially thought and this has increased investor appetite in the UK and hence the positive reaction for Sterling exchange rates.

UK GDP figures are published on Friday and any change could cause further movement for GBPEUR exchange rates.

However, the real movement for exchange rates will come next week when the ECB meet to publish their next interest rate decision.

The expectation is for further QE and any change in policy could send GBPEUR rates even higher.

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]