For people that are converting pounds into euros or euros into pounds, the golden question is which currency is going to devalue more than the other in the weeks ahead?
Starting with the Euro, the French election is less than 2 months away and Marine Le Pen, leader of the National Front party and anti EU, has been gaining momentum. She has made it clear, if she wins the election she plans to remove France from the Euro and therefore this is having a negative impact on the euros value as investor confidence is falling.
As for the pound, Theresa May’s Brexit Bill has made it’s way through the House of Commons without a problem. The House of Lords this week should also give the PM the thumbs up and therefore the UK will be starting the process of leaving the EU towards the end of March.
My personal opinion is that both currencies will continue to devalue in the weeks ahead and there will be spikes in the market for euro buyers and sellers to take advantage of, if they are in the position to do so. However overtime throughout March I expect the pound will fall further against the euro and therefore buying euros will become more expensive.
However depending on Le Pen’s Election campaign if she continues to gain momentum and the polls start to suggest she could actually win, I expect euro buyers will have something to cheer about as purchases will become cheaper.
Regardless of if you are buying euros with pounds or selling euros to buy pounds, it’s worth getting in touch and taking advantage of the service we can offer. It’s my job to keep my clients up to date with regular market information, so they can make informed decision to when to purchase their currency.
In addition we can then provide the client with our award winning exchange rates and they can save money compared to using their own bank. If you are planning on making a transfer with your bank in the upcoming months, for example if you purchasing a property in Europe or the UK and need to purchase a currency, I invite you to send me an email with your requirements and I will outline in further detail the process of using our company, how you know your money is safe and the options available to you firstname.lastname@example.org.
We have the ability to offer our clients different contract options which will help the clients make as much money as possible. For example limit orders are useful when trying to target a certain rate and forward contracts when you are looking to purchase in the future.
For more information email me directly email@example.com. The more information you provide, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.