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Sterling breaks 7 year high against the Euro (Tom Holian)
GBPEUR exchange rates have yet again broken the recent 7 year high as global investors are still worried about the stability of the Eurozone.
Although Eurozone Retail Sales were much higher than expected this morning it seems as though investors are waiting to see what will happen on Thursday when all the central banks meet to discuss interest rates.
With Eurozone inflation still worryingly low the ECB are likely to comment tomorrow on QE and its effect so far.
The current plan is for EUR1.1trn so a proposed increase or a continuation of the same could result in Euro weakness tomorrow afternoon so if you need to buy Euros it may be worth getting something organised during late tomorrow or Friday.
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.eurorateforecast.com/2015/03/04/sterling-breaks-7-year-high-against-the-euro-tom-holian/
