GBPEUR rate remain favourable but will this last? I personally feel there is more chance of rates falling in the future, let me explain why! The first major reason for me is the election in May. The UK election promises to be one of the most uncertain in years and uncertainty on exchange rates creates volatility which is more than likely to lead to sterling weakness. One of the second major reasons for GBPEUR to fall is the expectation that the Euro will fall further is very much priced into current exchange rates. The chances therefore that the Euro is going to lose more value is likely but it has been factored in, on balance the likelihood of GBPEUR falling is likely.
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