Inflation data to be next on the cards for Euro exchange rates (Daniel Wright)

We have a fairly quiet week of economic data on the cards for Euro exchange rates this week however as we all know that certainly does not mean the exchange rates won’t be volatile!

The real key release of the week will be on Thursday morning when we have European inflation data out at 10:00am.

I still far from believe that all the European woes have gone away and that we will soon be due our usual yearly PIGS of Europe headlines as it all seems to have gone a little quiet once again for those European economies that have recently found trouble and economic problems.

This may however be days, weeks, months or even years before we see it all come back into the headlines so if you are looking to buy Euros in the near future then don’t count on it too much!

We have recently seen Euro at its strongest against Sterling in over a year and the key question now is how much better can it get? In my opinion the fears of the U.K leaving the EU are really the main issue for Sterling and should these be dampened then the Pound will start to rally back so if you have Euros to sell and you are waiting for the referendum, it may be prudent to look at booking out half of your need now. If the Pound begins to rally then it has a lot of room to start coming back up if it wants to and the domino effect we have seen in Sterling’s drop off could be mirrored in its rise.

If you have the need to buy or indeed sell Sterling for your business, due to a property purchase/sale or for any other reason then it is important to have a proactive broker on your side and one that can get you the very top levels of exchange – It is very easy to settle for second best in this market but it is key to realise that even the slightest improvement in a rate of exchange can save you a huge sum of money.

If you would like to have a brief discussion with me (Daniel Wright) as to how I will be able to assist you with any pending currency exchange then feel free to email me directly on [email protected] and I will be more than happy to get in touch with you personally.