The Bank of England has chosen to vote 9-0 against raising interest rates, creating a sharp drop on the GBP/EUR. For people looking to trade Euro’s into Sterling this is the ideal opportunity to get a good rate. If you are looking to purchase Euro’s today then you might want to wait till tomorrow but the rate may not rise back up for a short while and cutting your loses might be an option.
Tomorrow will hopefully be a calmer day for the GBP/EUR and may offer some respite to purchase Euro’s. It may be a while before we see a major rise to the high 1.30’s especially as the Brexit decision slowly comes upon us.
Please contact me if you would like to find out any further information regarding Pounds and Euros. I am happy to provide you with information that will allow you to make the most informed decision when changing currencies. No matter how small the transaction there is always money to be saved by making a well-timed and educated decision. If you would like to get in touch please contact me Ben Fletcher at [email protected] and hopefully I can be off assistance to you.