Euro exchange rates – Will the Euro be impacted by the referendum in the U.K? (Daniel Wright)

Many people are focused on what will happen to Sterling exchange rates in the lead up to and after the referendum but we must remember that this will no doubt have a huge impact on the Euro too.

Should the U.K vote to leave the EU the general feeling is that this may open up the floodgates for other economies and countries to look to follow suit. In my opinion I feel that Euro exchange rates will have a tough time of things should we see the U.K leave the EU as it will then bring in a huge amount of uncertainty for the Euro.

Euro exchange rates have lost a little ground against Sterling in trading this morning following solid trade balance figures being released by the U.K. Rates are currently climbing towards the 1.27 mark but still do not appear to be able to break through the 1.25-1.27 range. Tomorrow we have a huge amount of data out from Europe and the Bank of England and I feel that this may be the day that we do break through, and I feel Sterling will climb higher.

If you have the need to buy or indeed sell Euros 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. We can cater for people inside our outside of the U.K and carry out bank to bank transfers.