Don’t Be a Lunatic – If your a Euro Buyer, get them Sharpish! (Daniel Johnson)
The Interbank rate sits at 1.3950 at present, close to the 1.42 8 yr high. This is the closest UK General Election in the last century. There is a strong possibility of a hung parliament which is pretty much nailed on to cause a drop in Sterling, looking back at the 2010 election we saw GBP/EUR drop from the high 1.17s back to the low 1.14s. If the SNP or UKIP are involved in a coalition government the rates are bound to hinder any Sterling advance, especially the SNP who are hell bent on splitting up the United Kingdom which would be catastrophic for Sterling.
Hanging on is a gamble and I don’t like the odds.
Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me at [email protected] or call on 01494 787 478 and ask for Daniel Johnson.
Source: http://www.eurorateforecast.com/2015/04/24/dont-be-a-lunatic-if-your-a-euro-buyer-get-them-sharpish-daniel-johnson/
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