Euro Strengthens against the Pound

With all the problems in the Eurozone – you might expect the Euro to be weakening – but the opposite is true. The Euro continues to perform well against a weakenin Pound.
The Pound was only worth  around € 1.11 Euro this afternoon.

The European Central Bank meets tomorrow for its monthly rate decision.  Currency markets are expecting a further rate increase , so  if no increase is announced this could trigger a profit taking rally and see a big day of trading on USD-EUR. Every indication is that it is a good time to sell euro especially against the pound and dollar.

So – if you are looking to convert Euros to Pounds – now may be a good time to ‘lock in an exchange’.   You can do this via a currency broker – see more details about this on our Currency Exchange page