GBP/EUR Where Next? UK GDP and Eurozone CPI to take Centre Stage (Daniel Johnson)

UK Retail Sales figures were released this morning and came in below expectations, usually this would cause a drop in Sterling value. Public Sector Net Borrowing was also released this morning and came in much lower than expected causing a spike in Sterling favour.

The question is will Sterling’s rally continue? Key data releases next week are UK GDP figures on Thursday at 9.30am on Thursday and CPI data for the Eurozone on Friday at 10am. Inflation data will be particularly interesting as it is what Mario Draghi the Head of the ECB will be basing any changes in the Quantitative Easing program on.

If you would like a more in depth discussion with regards to GBP/EUR I would be happy to have a chat. My predictions have been very accurate of late. I keep a very close eye on the markets in order to maximise my client’s trade and of late my predictions have proved reliable.I will be happy to assist with your currency requirements and will  guarantee to beat any competitors rate. There are consistent large trades going through next week which potentially I can tag new clients on to in order to gain a very competitive rate.  If you have a currency requirement I would  recommend getting in touch by calling 01494 787 478 and asking for Daniel Johnson or e-mail me directly at dcj@currencies.co.uk .Thank you for reading my blog it is greatly appreciated I look forward to hearing from you.

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