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GBP/EUR Breaks 1.40! (Daniel Johnson)
Despite a drop in Eurozone unemployment and a rise in inflation being announced this morning the Euro has continued to weaken. The continuing rise for Sterling against the Euro is worrying for the Eurozone as the main reason for Euro weakness at present is the risk of deflation. With inflation up 0.1% we really should see some Euro strength, the fact it hasn’t is a concern.
I do however think 1.40 will not last long due to profit taking and we will hit resistance. If you are buying Euros it may be wise to move quickly before we drop back into the 1.39s.
I have consistent GBP-EUR trades going through which I can tag new clients on to and achieve a very competitive rate. Please do get in touch if this is something that may interest you. I will guarantee to beat any bank or brokerage’s exchange rates.
Thank you for reading today’s Blog, I really appreciate any feedback you may have and would take pleasure in replying personally. I am more than than happy to assist you with any currency requirement. Feel free to e-mail me on [email protected] or call on 01494 787 478 and ask for Daniel Johnson.
Source: http://www.poundsterlingforecast.com/2015/10/30/gbpeur-breaks-1-40-daniel-johnson/
