The main talking point for economic data releases this week is Consumer Price Index numbers for the UK and Eurozone.
Tuesday morning the UK releases their numbers. Last month this data release gave support for the Pound due to a healthy rise. I expect this figure will be released the same as last month and therefore be a non-event.
Eurozone release their inflation numbers Wednesday morning. The ECB have been trying to combat inflation over the last 12 months by cutting interest rates and pumping stimulus into the economy however inflation has remained a worrying low. If this figure disappoints again, we could see a spike in the favour of euro buyers.
Wednesday morning the ECB release their latest Monetary Policy meeting accounts. If there is any discussion of further interest rate cuts, which would consequently mean negative interest rates, again expect another spike in the favour of euro buyers.
Its looking like as for economic data this could be a good week for Euro buyers HOWEVER, with the EU referendum only 6 weeks away I expect the pound to lose ground week by week. Therefore if you have Euros to pay and we see a spike this week, I believe its worth taking advantage of.
If you are looking to buy or sell Euros this year (especially before June 23rd), the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales.
Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on [email protected]. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn
The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.