GBP/EUR rates climbing higher into 1.41’s (Joshua Privett)

The markets have only just opened and rates have already moved up half a cent against the Euro and we are back above 1.41 once more!

A referendum has been called in Greece to decide whether to accept the recent plan proposed by their creditors which would extend the bailout if reforms (cuts) are accepted in their economy.

This will be an ongoing saga over the next few weeks and one you should keep up to date with. The situation is incredibly volatile, with back room diplomacy and new offers dominating the headlines. There will be no time for anyone to ‘take a breath’ over the next few weeks. Email me on [email protected] so that we can stay in contact over this period. Whether you are buying or selling Euros, if pertinent news is released in the public space, or through our own sources in the industry, you can be contacted immediately and make an informed decision on your currency transfer.

In the short term UK Purchasing Managers Index data for the manufacturing sector will be released this morning. Having seen such a strong Pound against most currencies in June, then these figures are unlikely to impress today as a strong currency hurts exports. It could wobble a the Pound this morning. So those who cannot wait to buy their Euros moving ahead of time would be advisable. 01494 787 478.