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GBPEUR exchange rate forecast and news, when to buy euros, when to sell euros (Steve Eakins)
Exchange rates have remained steady over the last week trading within a range of 1.1750-1.1850, quite a comparison compared to a month ago when we saw rates climb from 1.1350 to 1.1750 within a week. However this movement should not be overlooked as it makes a significant difference in the cost of buying currency. For example if you were buying €150,000 this last week you could have saved you £1,000 simply by timing your trade well. This is the service that we offer here, helping people make an educated decision with their currency transfer while giving them access to award winning exchange rates which traditionally save clients between 2% – 4% compared to the high street banks. Plus with over 13 years of experience the rates of exchange reached here are more often than not better than that of other brokers, so to see how much you could save contact us today on the ++44-1494-787-478 or email me directly (Steve) at [email protected]
GBPEUR news
Following the UK holding interest rates steady at 0.5%, where they have been for over 5 years, and the asset buying program at a steady £375 billion exchange rates stayed steady. The pound did however see a boost following better than expected data from the manufacturing sector which pushed GBPEUR rates up to a 7 day high. Across the channel the European Monthly report had no surprises within it and eyes are now focussed on Italy, Spain, Germany and France who release their data on unemployment and GDP figures early next week. My view is that GBPEUR rates could climb up to 1.20 in the coming weeks and that 1.20 is probably more likely compared to seeing a fall down to 1.1650.
As a result I would suggest that the current levels offer an opportunity for euro sellers and euro buyers may want to hold off. However rates of exchange never move in a straight line and there will be opportunities in the coming weeks for both buyers and sellers who can move quickly. The SPIKE NOTIFICATION service offered here is for this purpose – if you have not registered yet email your details including your contact details and situation to [email protected]. When a SPIKE takes place we will notify you so you quickly so that you can take advantage of the peaks in your favour.
Otherwise if you are a regular reader of these updates, one of over 1500 visitors a day, and you are yet to get in contact to discuss your personal situation feel free to contact us. Call 44 (0) 1494 787 478 or email [email protected] for a friendly no obligation chat with one of our currency experts about how the coming events in the financial market could affect your currency transfer.
Thank you for reading,
Steve Eakins
Source: http://www.poundsterlingforecast.com/2013/05/10/gbpeur-exchange-rate-forecast-and-news-when-to-buy-euros-when-to-sell-euros-steve-eakins/
