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GBPEUR rates drop of, is the trend positive
GBPEUR rates have been climbing over the last 2 weeks by over 6 cents and now stand close to a 3 month high. You really seem to have to have a very strong economically based argument to not want to move now and wait. Even without taking a crystal ball you have to respect and calculate the high benefit when compared to only 2 weeks ago. On a £200,000 trade you now have an extra €13,000 compared to 14 days ago!
Today rates are expected to fall slightly with a slowdown in the UK expected at 9:30 to be announced with the UK GDP figures. Generally even though the UK is growing at a faster pace than most in the western worls there is a slowdown, the yearly figures are forecasted to now show a groqwth of 2.6% whereas last year 3% was the figure. As a result I expect a fall today!
If you are a buyer I would trade on Wednesady, if I was a seller looking at moving this week I would trade this afternoon.
For more information with a FREE personal reply please contact [email protected]
Source: http://www.eurorateforecast.com/2015/10/27/gbpeur-rates-drop-of-is-the-trend-posative/
