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Sterling Euro has a positive start to the year (Tom Holian)
Sterling vs the Euro has risen by 1% during today’s trading session as German inflation data came out much lower than expected.
As the Eurozone’s leading economy whatever happens in Germany can have a big effect on what happens in the Eurozone.
Indeed, with Eurozone inflation data due out in the morning we could this data come out negatively creating some even better opportunities to buy Euros with Sterling.
The expectation is for 0.4% tomorrow so anything lower is likely to cause Euro weakness. The real problem is that this could show that QE is not working and if so this is likely to cause a big problem for the Euro.
Eurozone services data is also due out this week on Wednesday which could also show a fall so my prediction for the next couple of days is for Sterling strength vs the Euro.
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/2016/01/04/sterling-euro-has-a-positive-start-to-the-year-tom-holian/
