With the US Presidential Election in full swing and both candidates neck and neck I expect euro exchange rates to fluctuate in the upcoming days.
Especially in a volatile market speculators are going to be cautious whilst trying to make money. Depending on the result if Democrat Hilary Clinton gains power there is a chance the euro could weaken slightly, due to speculators selling their euros to buy US dollars. However if Republican Donald Trump wins the race to the White House I expect to see a US dollar sell off to buy euros.
As for GBPEUR exchange rates we have seen a slight rise due to the UK High Court decision last Thursday. With the Government now needing the approval of Parliament I expect Brexit negotiations to take longer and therefore that’s why the pound has made a slight gain. However for euro buyers I wouldn’t hold you breath in anticipation of rates above 1.15 anytime soon.
If you are reading this website in order to find out information in regards to buying or selling the pound I can help you achieve the best exchange rates on the market whilst keeping you up to date with economic information. Its important to analyse both currencies that you will be trading therefore I would recommend emailing me with the currency pair (GBPUSD, GBPAUD, GBPCHF etc) the reason for your trade (company invoice, buying a property) and I will email you with my forecast and the process of using our company email@example.com.
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