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By Euro Rate Forecast (Reporter)
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When should I buy Euros with pounds?

Friday, October 28, 2016 10:11
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If you need to buy Euros with pounds the next week could present some very interesting times with lots of new key UK data released which might help you. It does appear that the pound is likely to remain on the weaker side and we know sterling is struggling to benefit even from good news. Nevertheless I expect sterling might find some limited support presenting possibly better times to buy Euros.

The beginning of a new month sees the latest figures on Construction, Manufacturing and Services. I expect that the pound will continue to struggle in the coming weeks and anyone who needs to buy Euros should really be making some form of exit plan as the likelihood is the rate will become more expensive.

If you need to buy any currency in the future then making plans in advance is very sensible in this market. The outlook is for the pound to struggle as investors remain fearful over what will happen to the UK politically and economically in 2017. If you are planning a transfer than please get in touch with me to get a fresh update on the market and discuss all of your options.

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  • Ahmed

    This week is really in big shift and it’s hard to see where things might be heading next, it’s the reason why we just need to be wise and not go ahead if we have any doubts and make sure we only focus on trading for long term. I do just that whenever there are so many events lined up. I trade with OctaFX and with them; I am able to work it out very nicely especially to do with their swap free account option which makes it easier to do everything.

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