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What will move GBP Euro exchange rates today?
The Euro has been trading against sterling in a firm range between 1.2350 and 1.2450. Anyone looking to buy or sell who is not quite content with what is on offer would do well to prepare as things will likely change very soon. Getting the best exchange rate is about managing your risk and understanding what is driving the markets.
This site will help you to understand what is happening but to really make use of our service why not make a free enquiry on the right hand side. Or you can even contact me Jonny, one of the chief and longest standing contributors on [email protected] or call 01494 787 478 and ask to speak to me Jonny. The best strategy for each client will be different according to their circumstances.
This morning we have CPI Inflation data out which could well spell trouble for the pound. With the chance of more QE in November high a low reading will bolster the case for more QE. This morning’s data is also significant because it will be used as the bench mark by the government for certain benefit hikes.
Spain have not as widely expected requested a formal bailout and this is giving the Euro confidence again further enhancing the rate for sellers. Tomorrow we have the Bank of England Minutes where we will see how members voted and again get a picture of how likely more QE is. With the first estimate of GDP due next Thursday too, there are some significant challenges for the rate to overcome to remain favourable for those buying Euros with sterling.
The authors of this site are currency specialists with many years experience handling both private and corporate currency requirements. Just let us know what you need to do and we can provide all the information to make an informed decision plus an unbeatable rate of exchange. Thousands of people have contacted us via this site after being in touch with other brokers or banks and given a fair shot we have always been able to save them money. To find out more contact me Jonny on [email protected] or call 01494 787 478 and again please ask to speak with me Jonny.
I look forward to hearing from you and assisting you personally,
Jonny
2012-10-16 04:20:12
Source: http://www.eurorateforecast.com/2012/10/16/what-will-move-gbp-euro-exchange-rates-today/
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