Today Governor of the Bank of England Mark Carney has announced if the UK were to leave the European Union he believes the UK would enter recession. Mr Carney has made it clear in recent weeks the UK should remain part of the European Union therefore i’m not sure if his comments are just a tactic to win votes.
Nevertheless these comments just show its only a matter of time until both campaigning parties start to state their case to why the UK should stay or leave the European Union and the volatility will therefore weigh down on the Pound and GBPEUR rates will fall.
Two weeks ago David Cameron played his trump card in Barack Obama and rates spiked to 1.29 however they have been falling ever since and I expect this trend to continue. If you have euros to buy trading sooner rather than later may be wise, where as if you are selling Euros to buy Pounds holding on for an extra 4-6 weeks would be my strategy.
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@example.com.
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.
Alternatively if you would like to discuss your requirements over the phone call me Monday morning on 01494-787478 and ask to be put through to Dayle Littlejohn.