Sterling loses value against the euro (Dayle Littlejohn)
Throughout today’s trading period the pound has lost over a cent value against the euro.
The morning started with a host of German economic data that started the spiral. Business climate conditions had improved however GDP YoY stayed at 1.8%
Later in the morning Mark Carney (Governor of the Bank of England), gave his latest press conference in regards to inflation. His dovish stance continued to dent the purchasing power of sterling and the market continued to slide. However he did eliminate any talks of the Bank of England abolishing cash, as this would mean the Bank of England would abandon the inflation target causing sterling weakness.
Tomorrow is quiet for economic data releases. The only release to note is UK Mortgage Approvals at 9.30am. Mortgage approvals are a key indicator to how the housing market is performing. The consensus is for a small rise therefore we could see sterling make back some of today’s losses.
If you have an upcoming currency transfer and I have not covered the currency pair that you are looking to trade (EUR/USD, EUR/AUD, etc). Feel free to email me with the currency pair and your individual requirement (buying a property abroad, paying a company invoice) and I will personally respond to you with a forecast and the buying process. [email protected] Dayle Littlejohn. Alternatively call 0044 1494 787 478 and ask for Dayle Littlejohn.
IF YOU WOULD SIMPLY LIKE A COMPARISON AGAINST YOUR CURRENT PROVIDER FEEL FREE TO EMAIL ME WITH THE EXACT FIGURES!! THIS TAKES 30 SECONDS AND COULD SAVE YOU THOUSANDS!!
Source: http://www.eurorateforecast.com/2015/11/24/sterling-loses-value-against-the-euro-dayle-littlejohn/
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