In the last 6 weeks GBPEUR exchange rates have increased over 7 cents making a €250,000 purchase £11,000 cheaper and many of my clients are now asking is this the window of opportunity euro buyers have been waiting for?
If you are buying Euros before June 23rd I believe this spike is worth taking advantage of. I expect in the next 2-4 weeks the Pound will lose value when the out campaign make their final bid to the UK public.
At the moment polls and bookmakers are suggesting the UK will remain part of the European Union and I also agree. If this materialises I believe GBPEUR will have a sustained period in the 1.30s throughout July.
However if the UK were to leave expect the Pound to plummet!
Thursday the UK release their latest GDP numbers. The numbers are expected to be released same as previous. However if we see an improvement I expect GBPEUR could break through 4 month high trading levels.
If you are buying or selling Euros this year, June 23rd EU referendum decision is going to have a major impact on your trade and could COST or SAVE you thousands!
For people reading this website for the first time 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].
If you are already using a brokerage and have stumbled across this article because you are simply looking for information in regards to the currency market, I want to help you save as much money as possible compared to the brokerage you are already using. For a comparison email me with the exact figures and the currency pair and I will email you with our live buying price.
Alternatively if you would like to speak to me on the phone you can call on 01494 787 478 and ask to be put through to Dayle Littlejohn.