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GBPEUR could be in for a busy day!
The pound has moved in the last few days to much more favourable levels against the Euro which is presenting some really good opportunities to buy the Euro. It could possibly get even better later on today with the ECB decision on potentially more QE. If you need to sell Euros now would be a very good time to assess your position as you could be regretting it tomorrow if you don’t!
Essentially QE (Quantitative Easing) serves to weaken the currency concerned which has already happened once this year and caused the Euro to weaken significantly against the pound. The longer term prospects for the Euro look rather uncertain and shaky, the only way to mitigate such markets is to limit your risk by speaking with us and being kept up to date. Unfortunately no one can tell you exactly what to do but by and large our forecasts do ring true!
For more information on the rates and how to limit yourself from such uncertain market exposure please speak to me Jonathan on [email protected]
Source: http://www.eurorateforecast.com/2015/10/22/gbpeur-could-be-in-for-a-busy-day/
I consider that such conditions should be best waiting, as one bad moment could be pretty dreadful. I am using swap free account, so that means I can work easily without fear of paying extra commission or charges. It is very special to have such account, but thanks to OctaFX broker, it is easily possible for me while there is also 24/5 customer service that’s available and it is seriously helpful, so that’s why I love working with this lovely broker.