CurrencyIndex.co.uk

Foreign Currency Exchange Specialists

Thursday, 16 April 2009

Has Euro Rate Peaked?

Sterling - Euro peaked this morning above 1.1350 (or 88.1p) - the best rate for buying Euros this year.

Slightly positive Euro data out this morning seems to have halted the Pound's momentum, and we have dropped the best part of a cent in the last 2 hours.

If you are considering transferring Euros abroad in the coming weeks, do contact your UK currency broker to discuss a currency strategy - with the budget next week and a lot of other figures released on the British economy on Tuesday, it could be good to consider securing a rate now.

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