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Sterling set to weaken against the Euro (Dayle Littlejohn).
Over the last 3 weeks Sterling has lost 6 cents against the Euro. For anyone looking to purchase a €200,000.00 property abroad it will not cost you an extra £6300 compared to the high 3 weeks ago and i’m of the opinion it will only get worse.
With the 2nd of the live debates tonight at 8pm, I believe the smaller parties will get the upper hand which will lead to further political uncertainty. Furthermore I am of the opinion week by week Sterling will continue to weaken against the Euro and the inter bank level will fall to 1.33/ 1.34 by May 7th.
If you are buying a property abroad in the upcoming months my advice would be to buy currency upfront. If you do not have the Sterling available you can still lock into today’s rates and pay later. For more information feel free to email me on [email protected] or alternatively call 01494 787 478.
Source: http://www.eurorateforecast.com/2015/04/02/sterling-set-to-weaken-against-the-euro-dayle-littlejohn/
It’s risk to be trading with this as if we are not sure then it is too risky to be trading on EURO, I always rely on my broker OctaFX as they provide me fabulous analysis service, so I just have to follow it and profits are almost certain. I have been following their service for past 6-8 months and have got almost 80% results, hence I will suggest all newbies to do the same and it’s completely free of cost, so that makes it even better!