Profile image
By Euro Rate Forecast (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Pound Euro rate hits 1 month high (Tom Holian)

Thursday, March 30, 2017 10:33
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The Pound to Euro exchange rate has now hit its best level to buy Euros in a month following yesterday’s confirmation of Article 50. Prime Minister Theresa May has formally announced that the UK will be leaving the European Union which means that negotiations are finally able to begin.

The negotiations clearly will take quite some time and the timescale to reach a deal is 2 years which personally I think is difficult to manage.

However, in the short term the Pound has been given a boost vs the Euro after the tone of the letter was quite positive for the UK in which Theresa May has set out a clear direction that she wants the UK to take.

After much concern in the build up to Article 50 the Pound has rallied against the Euro and we could see further gains to come tomorrow morning when the UK releases fourth quarter GDP figures. The data is the final revision and with the expectation set for growth of 2% any revision in an upwards direction could see Pound Euro rates end the week on a high.

Closely followed will be Eurozone inflation figures which are a key concern for the European Central Bank and in my opinion if they are not quite in line I think we’ll see Euro weakness and a strong session tomorrow for Sterling. Therefore, if you’ve been waiting to buy Euros it may be worth taking advantage of this recent spike.

Working for one of the UK’s leading currency brokers I am confident of being able to offer you better rates when buying or selling Euros compared to using your own bank as well as helping you make the process very simple.

For further information or a free quote then contact me directly via email with a brief outline of what you need to do and I look forward to hearing from you.

Tom Holian [email protected]


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • It will be really interesting how this week works out, as there are so many things that are going to come up this week, it is vital to be wise. I always love long term trading and it’s easier with OctaFX broker since they have amazing facilities that counts for swap free account, it’s just fantastic and helps me in every way. I really feel good and able to perform nicely which also brings fair amount of rewards for me.

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.