| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
GBP/EUR rates testing the 1.40 boundary once more (Joshua Privett)
The post below details why rates were rising for most of the day. The mass market hysteria was short-lived, and now the rates have started to fall once more. Investors are returning to the Euro in droves now that a Greek bailout deal is finally within grasp.
However, this respite for those with Euros to sell will likely be short-lived. Tomorrow inflation data for the Eurozone will be released. Most analysts are expecting outright deflation to be announced in the Eurozone, something they have been attempting to avoid for months. Should this be confirmed, this ‘yo-yo-ing’ around the 1.40 mark will continue, and the Euro weakening will likely push GBP/EUR rates back above 1.40.
How far? That depends on the degree of deflation, and how far the rates go down prior to the event. But those with Euros to sell should take advantage of th short term opportunities tomorrow in case they evapourate.
Email me overnight on [email protected] for a free quote on your transfer, or call 01494 787 478 in the morning and ask for Joshua, when I will have a better idea of what to expect on the day.
Source: http://www.eurorateforecast.com/2015/08/13/gbpeur-rates-testing-the-1-40-boundary-once-more-joshua-privett/
