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.

Should you have any future money transfers to arrange and need assistance with your transfer then please get in touch. With over 10 years of experience in the foreign exchange markets we are well positioned to help you make an informed decision regarding your future currency needs. For more information click here or email me direct mgv@fcgworld.co.uk

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