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By Euro Rate Forecast (Reporter)
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Buying Euros rates improve further!

Thursday, April 6, 2017 3:01
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(Before It's News)

The exchange rates to buy Euros have really improved in the last week as concerns over the French election and some renewed certainty for the pound pushes up GBPEUR. Overnight some news from the US Federal Reserve also helped the US dollar which further exacerbated the trends on the Euro. I now believe Euro buyers are going to find the going better as they seek out improvements and finally learn who will be the next French President.

Mario Draghi spoke this morning which also contributed to some of the Euro weakness in the market at present. He reiterated the need for continuing the stimulus program which has been in place and said there was no need to change the current path. All in all, this confirmation combined with the upcoming political uncertainty in France and later in the year, Germany should put the Euro on a weaker footing longer term.

The big question for Euro buyers with pounds is not the euro however, it is just how will the pound be performing. Overall the likelihood is that the Euro will be the weaker but sterling does still remain at the risk of dropping lower as the news of any negotiations is taken onboard by the market.

If you are planning a transfer to buy or sell Euros then making some plans in advance is key to maximising your position. The expectation for the GBPEUR rate is a fairly volatile period but we could now easily move to a range of 1.15-1.20, compared to the 1.13-1.17 we have been occupying recently.

If you would like to learn any information on the market and rates then please feel free to get in touch to discuss your requirements and how we might be able to help you with any transfers. Please email me Jonathan by using [email protected] for the latest news and information to help you with your transfers.


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  • As of present, it will be interesting to see where the Euro rates go, but with election scenario ahead, it will be impossible to say anything. I always work with confidence and sensible approach; it’s ever easy with tight money management. It is helped for me with broker like OctaFX, as they are fantastic with their 50% bonus on deposit which is use able and have many such schemes; it’s simply awesome operating with them and makes profit making so much easier.

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