GBP/EUR rates see slight fall to continue from Monday afternoon (Joshua Privett)

Sterling to Euro exchange rates have continued their marginal falls from Monday, as contradicting polls and the adjusting markets after the senseless attack over the weekend left markets in an abnormal state.

Initial polls released on Monday morning showed a gain in ground for the Conservatives in the election race, however, this was refuted on Monday afternoon with a competing polls forecasting that the Conservatives would fall far short of its election goals of a majority in Parliament.

Financial markets regularly lament any changes to the status quo, particularly in times of heavy uncertainty, as we are currently seeing with the UK’s Brexit negotiations, then this becomes all the more important.

This morning, the final poll released yesterday which showed this contraction emerged as the key governing factor for exchange rates throughout the day, with Sterling to Euro exchange rates seeing a steady decrease as the morning wore on. GBP/EUR at its peak yesterday hit 1.1530, as it stands it currently resides at 1.1440.

Polls will continue to change in the run up to the vote result, and, as a result, we can expect Sterling to Euro exchange rates to continue to oscillate based on the likelihood of a Conservative majority. I am well placed to assist anyone in timing their transfer in order to secure a competitive rate during this heavily uncertain period.

I have never had an issue securing more competitive exchange rates than what is on offer elsewhere, and these current buying levels can be fixed in place for a future requirement. This is useful if you require currency later on this year, but do not wish to gamble on the election result improving your situation or making your transfer more expensive.

You can contact me on jjp@currencies.co.uk and I will respond to you as soon as I am able with a quote and a tailored strategy for any of your upcoming transfers.

For more news on foreign exchange rates and to request a free no-obligation quote visit www.currencies.co.uk