First and foremost a Merry Christmas to all of our regular readers and those stumbling upon the site for the first time. We hope that you have found the site useful in what has been an extremely volatile year for Pound to Euro exchange rates.
Pound to Euro rates during the festive season
Pound to Euro exchange rates have remained fairly stable over the Christmas break, with very little economic data out and UK Parliament on recess this is no great surprise.
Generally around this time of year you do not tend to see too much in terms of volatility, however should there be any news you can tend to see much larger movements than usual.
Looking at the economic calendar for the rest of the week there really aren’t any large data releases now until the new year so it is likely that the Pound to Euro rate may remain range bound as we head to the end to the trading year.
Personally I feel the start of 2019 will be a totally different situation, Parliament will return from recess of January 7th and all eyes will be on the Parliamentary Brexit vote due on January 14th.
This has the potential to be a large market mover for Sterling exchange rates. The chance of a ‘no deal’ Brexit could impact the value of the Pound in a negative way and investors and speculators will be poised to move on even the slightest bit of news as to where the whole Brexit saga may head next.
Theresa May could also find that her position is under threat should she lose the vote and following on from this absolutely anything could happen. We may be poised for a new leader of the Conservative Party to take the reigns and they have totally different plans to the ones we see at present. This could involve delaying or even cancelling Article 50, another possible large market mover.
We still have the potential of a vote of no confidence in Theresa May or the Government being put forward by Jeremy Corbyn. Once again this could throw political uncertainty into the hat and create some great buying and selling opportunities.
If you have a large currency exchange to carry out in the early part of 2019 and you would like expert assistance then you are more than welcome to contact me directly. You can email me by filling in the form below with a brief description of what you are looking to do and I will be in touch to explain how I can help you.
Once again I hope you have a fantastic Christmas and if you would like to make sure you get the most for your money then I look forward to hearing from you.