Sterling Euro exchange rates have gone in an upwards direction during the last two days following the news that Donald Trump is now the President of the United States of America.
As Trump has business interests in the UK and has close ties with our nation then this could be part of the reason for Sterling’s improvements against the single currency.
Previously Obama suggested that if the UK does leave the European Union then it could mean the UK goes ‘to the back of the line’ in terms of trade deals but as Trump has come in then this is good news for UK and US relations.
We are now at the best level in 6 weeks for Sterling vs the Euro and at the moment it looks as if we could go even higher in favour of Sterling.
French and Italian industrial output has come out much lower than expected earlier today and as as two of the largest economies in the Eurozone any signs of slowdown is likely to have a negative effect on the value of the single currency.
If you are looking to buy or sell Euros but do not yet have the funds available then it may be worth looking at buying a forward contract which allows you to fix an exchange rate for a future date for a small deposit.
Having worked in the foreign exchange industry since 2003 I am confident that not only can I offer you better exchange rates when buying or selling Euros compared to using your own bank but also help you with the timing of your 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]
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