Pound to Euro prediction (Dayle Littlejohn)

UK Prime Minister Theresa May has stolen the headlines this week. The PMs approach of “No deal is better than a bad deal” and that she will allow MP’s to have the final say has surprisingly given the pound a well needed boost against the euro. Furthermore she went on to tell the World Economic forum in Davos that she plans to make the UK a ‘world leader’ on trade.

Mrs May’s positive approach has seen the pound gain 2 1/2 cents against the low points early this week. To put this into monetary terms a €200,000 purchase is now £3,800. Looking ahead the next major decision that will impact GBPEUR exchange rates is the Supreme Court decision, Tuesday morning.

With Mrs May given Parliament the final say on Brexit, I wouldn’t be surprised if she already knows that the Supreme Court will rule in favour of the High Court and that’s why she made the statement in the first place. Therefore Tuesday’s decision could lead to further improvements for GBPEUR exchange rates.

When should I buy my euros?

With exchange rates improving this week and the Supreme Court decision on the horizon, I would ride out the decision and then make my decision. If the market spikes I would look to trade immediately. The company that I work for will keep you up dated with market information whilst having the ability to improve on exchange rates that you will be offered by your bank. If you are looking for the best rates whilst being kept up to date feel free to email [email protected] with your requirements. If you would like to speed the process up call 0044 1494 787 478 and ask to be connected to Dayle Littlejohn.

If I have not covered the currency pair you are trading feel free to email me with the pair (GBPUSD, GBPAUD) the reason for the currency conversion, the timescales and I will respond with my forecast.