Sterling makes sharp gains following a strong day of trading yesterday!
The Pound sterling made a significant jump in strength following much needed positive figures for UK employment and wages yesterday. This has seen a big jump on Euro and Dollar buying rates presenting some of the best opportunities to purchase in the last few months.
Today sees the release of the Eurozone’s Monetary Policy Meeting minutes at midday and the general consensus among analysts and market watchers is that a positive outlook for growth, employment and investment is to be expected. Already outside investment into the Eurozone is ramping up aggressively providing much needed support for the embattled single currency.
Given this likely outlook I expect the Euro to rally back against the Pound damping down these recent highs by the weekend.
With the upcoming referendum creating further volatility in the markets the current rates for buying are looking good especially if you are travelling shortly.
As usual we provide High street beating rates all year round so get in contact today and secure yourself a great deal on your holiday money!
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