Profile image
By Pound Sterling Forecast (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

GBPEUR reaches 2 month high! (Dayle Littlejohn)

Wednesday, February 22, 2017 1:56
% of readers think this story is Fact. Add your two cents.

The pound is now trading at a two month high against the euro and consequently its the cheapest time to buy euros this year. I am actually putting the shift in exchange rates down to euro weakness rather than sterling strength.

Marine Le Pen leader of the National Front in France has gained momentum against her rivals in the run up to the French election. Le Pen has made it clear she wishes to take France out of the euro to improve the future of the French people financially but also for their safety. Bookmakers have Le Pen only 3 points below front runner Macron with Fillon falling behind.

For clients that have not been following French politics its key to note only 22 days ago Le Pen was 20 points below Macron, therefore the recent polls just shows Le Pen is on the charge. 

This morning the UK release their latest GDP numbers. The consensus is for the numbers to remain unchanged compared to last month however retail sales and average earnings surprisingly fell last week therefore this could be the hat trick causing a sell off of the pound.

For euro buyers within the next 2 months, the spike in the market we have seen in my opinion is well worth taking advantage of as the House of Lords is set to give their verdict shortly and therefore an exit from the EU looks likely towards the end of March. When the UK actually triggers Article50 their  is a strong change the pound will fall for a period.

The currency company I work for enables me to buy and sell pounds at rates better than other brokerages and high street banks. If you are buying or selling pounds this year feel free to send me the currency pair you are trading (GBPUSD, GBPEUR, GBPCHF etc) the reason for your trade (company invoice, buying a property) and I will email you with my forecast for the currency pair and the process of using our company


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.