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Euro Rate Forecast for week 24.09.12 – 28.09.12
The Euro gave up many of its more recent gains towards the end of last week as investors took profits from the Euro rally at the start of the month. With EURUSD back below 1.30 and GBPEUR back above 1.25, what can anyone looking to make a Euro transfer this week and in the coming weeks expect?
The week starts off fairly slowly with German Consumer confidence and UK house price data. I expect that the sentiments that caused the Euro to lose value last week will persist at the start of the week with little data to shake markets. We will probably see the Euro trade in the lower ranges of last week, possibly testing some of these levels depending on the data.
Moving towards the end of the week things start to get a lot more exciting in Europe and America. Thursday we have German Unemployment data and UK GDP data, the second revision for Q2. And in the afternoon we have US GDP data. GDP is Gross Domestic Product data and these releases carry a lot of weight as they reflect the economic output for a country.
If you are considering any currency purchases including buying or selling overseas property, sending money overseas to a relative or friend, paying an overseas business or indeed any other bank to bank currency transfer we can help with amounts of 1000 GBP up to multi million pound transactions.
As well as offering a commercial rate much better than the banks we can highlight upcoming events and provide detailed forecasts to maximise your purchase. For a free, no obligation discussion of how it all works and everything you need to know please feel free to contact me Jonny on [email protected] 01494 787 478.
2012-09-23 22:00:21
Source: http://www.eurorateforecast.com/2012/09/23/euro-rate-forecast-for-week-24-09-12-28-09-12/
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