Spanish recession fears continued to weigh heavily on the Euro following a rise in Spanish and Italian bond yields and a sharp deterioration in Eurozone investor confidence yesterday.
The euro was inching back up again today versus GBP – but traders say the currency has nothing to push it dramatically in either direction. The Pound was worth €1.2126 today at 4pm.
The Pound was helped when the OECD affirmed that the British economy is on the brink of a lasting recovery, amid signs of a positive change in momentum.
With so much uncertainty over the Euro , a Currency Broker can let you fix an exchange rate as much as 12 months in advance of your transfer. For good deals on large amounts of currency exchange – for personal money or for businesses – see our page on how to get the Best Exchange Rates
You might also be interested in this information about Transferring Euro Savings to Sterling