Will GBPEUR hit 1.15 again?

The pound to Euro rate hit 1.1520 on the highs yesterday as the Bank of England released their latest meeting summary and interest rate decision. The pound spiked up to this level presenting some of the best opportunities to buy Euros since May 2017. Will this level be hit again and what can clients looking to buy Euros with pounds do to capitalise?

The rates move very quickly and to buy at the highs you need to be prepared. This means highlighting your situation to us here so that we can monitor the rates and track levels for you, this might sounds expensive but it isn’t, it is free. We make our money from any trades we do but can offer an exchange rate which we are positive will save you money over other sources of currency.

If you would like to make any kind of comparison I would be more than happy to speak to you to provide some quotes and discuss the forecast for GBPEUR longer-term.Whilst the positive news from the Bank of England bodes well for the future on GBPEUR the Euro is very strong, the biggest thorn in the side of Euro buyers with pounds is the strong Euro.

To help my clients trade at the higher levels we can offer a Limit order which is an automatic order which will trigger at a pre-determined rate once it is hit. I would suggest an order at 1.15 in the coming weeks may well be hit, if you wish to get an update on the rates please speak to me Jonathan Watson by emailing jmw@currencies.co.uk.

Thank you for reading and I look forward to hearing from you.

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