Profile image
By Euro Rate Forecast (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Buying Euro rates touch on two month high before falling away (Joshua Privett

Sunday, November 20, 2016 12:45
% of readers think this story is Fact. Add your two cents.

Buying Euro rates hit 1.17 briefly twice last week but continue to fall away with the Pound struggling to gain much more value in the short-term.

The news of a Trump victory, particularly when he adopted a much more measured, unifying and conciliatory tone upon the acceptance of the country’s vote for his candidacy, has played well with the Pound’s attractiveness in the marketplace. Trump is seen as a key ally in assisting the UK to secure a promising deal in our upcoming negotiations with the EU, particularly given that the current agreement on the table between the US and the EU is coming into question at the moment.

Yet Friday trading continues to be a feature which haunts the Pound and anyone considering buying a foreign currency.

On Friday afternoons the actors who regularly move capital large enough to shift the currency markets, high street traders, have to decide which currency to allocate their capital into to end the week. The Pound, despite the recent improvements, is anything but stable, and is regularly at the bottom of this list during this period. This is why the Pound has consistently lost value during this period due to decreased demand.

However, we will likely some improvements to begin the week as markets return to normal.

As last week showed, buying rates up at the peak of these two month highs are around for very short periods. It is best to be in a position to move quite quickly to ensure you are not ‘last to the party’ in these situations.

A limit order is a popular option which I offer my customers to automatically buy your currency once a particular level is reached to avoid missing any opportunities.

To discuss a strategy for your transfer, to explore current forecasts on buying or selling Euro rates in more detail, and to answer any questions you may have about the benefits of using a currency broker to assist in your transfer, you can contact me over the weekend whilst markets are closed on

You can also fill out the form below and I will be in contact as soon as I am able to.



We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.