Sterling Euro exchange rates have fallen by over 7 cents during the month of December as the ECB extended QE and the US Federal Reserve decided to finally raise interest rates.
Sterling has fallen across the board against all major currencies and I think we could be in for further falls as we go into the new year.
Eurozone inflation is released early next week and one of the main reasons for the extension of QE was to combat falling inflation.
Therefore, if the data shows signs of improvement we could see the Euro strengthen vs Sterling creating some excellent opportunities to sell Euros into Sterling.
There is increasing pressure on Sterling with fears of a Brexit and the lack of an interest rate rise until earliest 2016 which is another reason why I think Sterling will fall against the Euro in January.
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]
