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Sterling Euro rate at best in nearly 8 years!
The Pound has spiked to levels that we have not seen since I started working here on this trading floor nearly 7 and a half years ago, creating a fantastic opportunity for those looking to send money overseas.
Anyone in the process of buying a property over in Europe has had a fantastic year so far and we are almost being surprised on a daily basis with the movements we are seeing.
If you are looking to make a purchase of Euros either now or in the near future then it may be sensible to get in touch with me directly to take advantage of movements we have not seen in years and years.
The mere fact that the U.K is considering and still discussing raising interest rates whilst we only just have the European Central Bank starting a QE (Quantitative Easing) plan just shows how far behind us in terms of recovery the Eurozone is and this has been well and truly shown in the rate swing.
With the election soon to gather pace in the media which will more than likely create political uncertainty this opportunity may not hang around for long.
If you are looking to purchase a property overseas this year and you want to take advantage of current buying levels then there is a great option available to you known as a forward contract. This useful contract option allows you to lock into a rate of exchange for anything up to a year in advance, paying merely a small deposit initially and then the balance on or before whichever date has been agreed, this is absolutely vita if you are working to a fairly tight budget.
Feel free to email me (Daniel Wright) on [email protected] and I will be more than happy to contact you personally to help with any currency transaction you need to carry out.
Source: http://www.poundsterlingforecast.com/2015/03/11/sterling-euro-rate-at-best-in-nearly-8-years/
