| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Sterling Euro Rates at highest level since August (Tom Holian)
Sterling Euro rates are now at their best exchange rate to buy Euros for 3 months.
Even with Eurozone inflation now improving and Eurozone unemployment this has done nothing to strengthen the single currency and in fact Sterling has gained since the data releases at the end of this week.
End of month flows which can often have a big impact on exchange rates saw the Pound finally break 1.40 as predicted in some of my previous articles.
The ECB is concerned about low inflation and recently suggested that further Quantitative Easing could take place before the end of the year.
This has concerned investors and caused huge weakness during October.
Indeed, Sterling has gained by as much as 7 cents this month alone!
ECB president Mario Draghi is due to address the markets on Tuesday and any negative comments could see Sterling gain even further against the Euro creating some excellent buying opportunities.
On Thursday the Bank of England meets to discuss interest rates.
With the UK inflation level currently below 0% we could see BoE governor Mark Carney attempt to talk down the value of the Pound.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]
Source: http://www.eurorateforecast.com/2015/10/31/sterling-euro-rates-at-highest-level-since-august-tom-holian/
