Sterling Euro exchange rates have hit their best level to buy Euros in 6 weeks following the US election result which saw Donald Trump become the next President of the United States.
This has brought some very good news for anyone looking to buy Euros especially for a property purchase in Europe as currency markets for Sterling vs the Euro have moved by over 5 cents from the high to low during the course of the last few days.
Sterling increased further following the better expected figures published by the construction industry and the subject of both Brexit and Article 50 have gone on the back burner at least for the time being.
Sterling increased last week against the Euro following the high court ruling last Thursday and the US election result has helped the Pound make further gains vs the single currency.
Previously Obama had stated that the UK would join the back of the queue when it comes to trade negotiations if it voted out of the European Union but as Trump was such an outspoken advocate of the Brexit we could be much closer to a free trade relationship with the US.
Indeed, whilst Theresa May has congratulated the new President other European leaders have not followed suit. This is another reason for the weakening of the single currency vs Sterling.
Also, it appears as though 2016 is the year of change as we have so far had Brexit and Trump winning the US election. With the Italians having their own referendum in December and the French going to the polls next year the future of Europe looks rather uncertain. Therefore, we could see further gains for the Pound going into next week.
Having worked in the foreign exchange industry since 2003 I am confident that I can offer you bank beating exchange rates and also help you with the timing of your currency transfer.
If you have a currency transfer to make and would like further information or for a free quote then contact me directly and I look forward to hearing from you.
Tom Holian [email protected]
Alternatively fill in the form below
[contact-form to=’[email protected]’ subject=’Blog PEE 12/11/16′][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Currency Requirement’ type=’textarea’ required=’1’/][/contact-form]