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Will the ECB cut interest rates this week? (Tom Holian)
The chances are if you’re reading this report this morning you may have an currency requirement to either buy or sell Euros so wondering when is the best time to exchange your currency. With GBPEUR rates hitting a recent high following some better than expected UK GDP figures last Thursday good buying opportunities for buying Euros have again appeared. There are bank holidays a plenty across Europe tomorrow so expect there to be little movement on Euro tomorrow. This means that the markets have little time to react to the ECB’s rate decision due on Thursday.
Owing to a slowdown in both growth and confidence in Europe and unemployment rising across most of the Eurozone countries there are some expectations that ECB may indeed cut interest rates at Thursday’s meeting due to be held at 1245 UK time. If a rate cut does happen we could suddenly see an improvement for Sterling Euro exchange rates so if you’re thinking about making a currency transfer get in touch today via email Tom Holian [email protected] and I can explain how we can save you money on your currency compared to using a bank.
My personal belief is that even if rates are cut although it could have a negative effect for the Euro I don’t believe it will have much of an impact on the Eurozone economy as a whole. With ECB member Weidman saying only recently that it is unlikely there will be a rate cut I think his view will be overlooked.
Let me know your prediction about what you think will happen on Thursday by email Tom Holian [email protected] and I look forward to hearing from you.
2013-04-30 05:06:52
Source: http://www.eurorateforecast.com/2013/04/30/will-the-ecb-cut-interest-rates-this-week-tom-holian/
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