GBP/EUR at a 2 1/2 month high
Sterling exchange rates this morning have pushed to a near 2 1/2 month high against the euro. Since the end of August the pound has now rallied just shy of 6% against the single currency bringing about some much better opportunities for those looking to buy the euro.
Much of the moves seem to be attributed to weakened market sentiment for the euro following Sunday’s election in Germany, although Merkel is set for her fourth term in office she now faces months of talks to try and form a coalition government.
She has also vowed to try and win back voters that deserted her party for the right wing nationalist party AfD.
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