Sterling climbs against Euro as Euro falls back out of favour with focus on China (Daniel Wright)

Pound to Euro Drops as Virus Drama Returns to London

The Pound has made small gains against the Euro over the past 24 hours as concerns still loom over China, which appears to be slightly impacting the Euro causing a small sell off.

Over the festive season rates had dropped right down into the 1.34’s, however we are seeing Sterling make a fight back over the past few days which is a promising sign for the rest of the year.

Inflation data yesterday for Europe failed to have too much of an impact on Euro exchange rates, we have a few releases tomorrow inclusive of unemployment figures and the monetary policy meeting accounts, but unless either throw up a big surprise I feel the market movements this week will be based on risk appetite.

I would not be surprised to see Sterling push through 1.37 before the end of the week but of course you never quite know what is coming next!

If you are looking to buy Euros with Pounds or sell Euros to buy Pounds then it is well worth getting in touch with me directly, you can email me (Daniel Wright) on [email protected] with a brief description of your needs and I will be more than happy to contact you personally.