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Sterling has took a hit during today’s trading. It has dropped back into the 1.38s. I think it is highly unlikely we will hit 1.40 and if it does expect it to drop straight back due to profit taking.
With Eurozone unemployment figures and CPI data released on Friday at 10am I think there is a chance of a slight Sterling rally. Personally I probably wouldn’t take the risk for small gains. Current trading levels are the best for months so I would not hang around.
I have consistent GBP-EUR trades going through which potentially I could tag new clients on to and achieve a very competitive rate. Please do get in touch if this is something of interest. I will guarantee to beat any bank or brokerage’s exchange rates.
I am currently offering a free rate alert service, just drop me a line or e-mail with your currency requirements including your time scale and the trading levels you are hoping to obtain and I will notify you of any significant movement.
Thank you for reading today’s Blog, I would really appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on [email protected] or call on 01494 787 478 and ask for Daniel Johnson.