UK unemployment strengthens the Pound! (Dayle Littlejohn)

GBP/EUR rates of exchange hit further highs today as a result of strong unemployment figures for the UK economy. Unemployment fell to its lowest levels since 2008 which is why GBP/EUR is back up close to multi-year highs.

Today the Bank of England Forum, where the heads of various international Central Banks were speaking was expected to cause significant movement on the markets as hints would be given about future financial policy. Instead it was used as a political platform for the UK remaining in the EU by outlining financial benefits for all economies. It was a non-event for currency markets which allowed the positive employment figures released to govern GBP/EUR rates today.

If you have an upcoming currency transfer and I have not covered the currency pair that you are looking to trade (EUR/USD, EUR/AUD, etc). Feel free to email me with the currency pair and your individual requirement (buying a property abroad, paying a company invoice etc) and I will personally respond to you with a forecast and the buying process. drl@currencies.co.uk Dayle Littlejohn.

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