Sterling strengthens against the Euro

The pound has continued its positive run versus the euro and we are currently trading at the highest level for two months – 1.18 interbank (IB).

The main driver for the pound of late has been talk of a softer Brexit which has offered some much needed support for sterling. Britain's Autumn Statement on the budget was also read as more supportive of growth and upbeat than some had expected. Downward growth revisions were seen to be far less severe than the market had been expecting, keeping sterling on the front foot.

If tomorrow's all important GDP data beats expectations we could see the pound test the 1.20 IB resistance level which has not been breached since July 2016.

To find out how we can help you protect against or take advantage of these volatile markets, get in touch with your account manager.

Thursday 24th November at 17:20

£1.00 GBP = 1.1803 EURO

£1.00 GBP = 1.2450 USD

£1.00 GBP = 1.6801 AUD

£1.00 GBP = 1.7777 NZD

£1.00 GBP = 1.6794 CAD

£1.00 GBP = 17.6196 ZAR

Just imagine if YOU could forecast the exchange rate?

No one can do that of course but being well informed is a start and knowing the events coming up that may influence the GBP/EURO exchange rate may help you with your planning.

The latest quarterly currency market forecasts from the international money transfer experts, FC Exchange, are now available. The reports are essential reading for anyone buying or selling a property, in fact anyone making international money transfers.

The currency markets have always fluctuated, but this year has seen unprecedented levels of volatility. The currency forecasts review the factors that have contributed to the uncertainty we have seen this year and look ahead to the issues that could affect currency markets in the next quarter, moving into 2017.

Grab your Free Report here...

Do you want more information ?

So if you need to buy or sell sterling and would like to be kept up to date with all the latest data releases and exchange rate movements then feel free to contact myself Ben Amrany. If you are buying or selling a house in France we will make sure your monies are in the right place at the right time, we work hand in hand with you and Cle France.

For more information on the currency service I can provide please feel free to contact myself...

Ben Amrany from FC Exchange follow this link or phone and ask for myself and quote "Cle France" on 020 7989 0000.

You may contact me directly using this form (click here) with your requirement and I will explain the options that are available to you in getting the best exchange rate.