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Euro rate forecast – turbulent 48 hours ahead for GBPEUR

Wednesday, December 3, 2014 1:58

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Today we have the UK budget statement from the chancellor which I expect to be somewhat euro negative and could potentially give euro sellers the best levels seen this week. European Retail figures are also due this morning and will probably help further. Tomorrow however is probably a totally opposite day with European news expected to worsen giving buyers a better level. The European Central Bank monthly meeting and commentary is going to be keenly watched for information about when the bank may start to expand its asset buying into government bonds so will be euro negative.

For a full break down of what is expected and the key times to trade your transfers contact myself directly – Steve Eakins – [email protected]

Source: http://www.eurorateforecast.com/2014/12/03/euro-rate-forecast-turbulent-48-hours-ahead-for-gbpeur/

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