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

Last Hour:
Last 24 Hours:

European Elections and the impact for Sterling Euro rates (Tom Holian)

Saturday, February 18, 2017 3:55
% of readers think this story is Fact. Add your two cents.

With just weeks before the first set of European elections take place GBPEUR rates are currently being influenced by what is happening with the Article 50 discussions.

However, next month the Dutch go to the polls to vote for their next leader. With Brexit and Trump during 2016 could we see further voices for change on the continent during this year?

There is clearly a voice of discontentment at the moment and with the French campaign due to start in April we could see further change ahead. Fillon has already been accused of various misdemeanours and with the UK looking to trigger Article 50 by March we could see a very different European political landscape by the summer.

Currency is heavily influenced by both economic and political uncertainty and with things likely to change in Europe I think longer term we could see GBPEUR rates make some real gains but in the short term until we get past the issue of what will happen once Article 50 is triggered Sterling is likely to remain under pressure.

This week we have seen two data releases which have caused Sterling to fall from its recent 6 week highs against the Euro. On Wednesday UK Average Earnings showed a fall and Sterling’s woes were added to by Friday Retail Sales data for January.

Retail Sales came out much worse than expected and this caused big losses for Sterling vs the single currency. As the UK is such a service driven economy this data has caused real concern for the Pound hence this week’s fall against the Euro.

Wednesday is likely to be the next big day for GBPEUR rates in the short term with the release of fourth quarter GDP data for the UK so if you have a currency transfer to make this week watch out for the release.

If you have a currency transfer to make and would like to save money on exchange rates compared to using your own bank then contact me directly for a free quote and I look forward to hearing from you.

Having worked for one of the UK’s leading currency brokers since 2003 I am confident of offering you bank beating exchange rates as well as helping you with the timing of your transfer.

Tom Holian


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

Total 1 comment
  • Henry Parker

    Situation at the moment looks good for long, but we need to make sure we connect our self with right level of money management, it’s where I find it ever so helpful with, as they offer 50% Deposit Bonus which really adds up to my chances and helps me succeed.

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.