| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Best Exchange Rates for Sterling vs Euro since credit crunch (Tom Holian)
Sterling Euro exchange rates hit their highest level since mid 2007 this week when the credit crunch went into full swing.
With the Eurozone now having fully implemented their first round of Quantitative Easing to the tune of EUR1.1tn until September 2016 this has had a huge weakening effect on the Euro vs Sterling.
Earlier this week the UK announced its lowest trade deficit for almost 2 years which added to the strength of Sterling.
With the US Dollar at record highs against the Euro this has seen huge Dollar strength which often results in Euro weakness providing excellent opportunities to buy Euros with Sterling.
The ongoing uncertainty of the Greek talks is causing instability and European Commission President Jean-Claude Juncker has criticised the slow pace of progress in talks over Greece’s debt.
The Greek issue which has been in the headlines for the past few months has caused the Euro to lose strength and the problems with Eurozone inflation are continuing.
ECB President Mario Draghi is due to address the markets on Monday afternoon which is likely to cause volatility for Sterling Euro exchange rates.
Tuesday is arguably the most important day for GBPEUR rates with the release of both Eurozone inflation as well as unemployment data.
If you have a currency transfer to make and want to save money on exchange rates compared to using your bank then contact me directly for a free quote. Tom Holian [email protected]
Source: http://www.poundsterlingforecast.com/2015/03/14/best-exchange-rates-for-sterling-vs-euro-since-credit-crunch-tom-holian/
