Euro exchange rates

Euro exchange rates have lost another cent today, now trading at 1.0826.

UK manufacturing data out this morning was poor, which weighs on the Pound, while German data out at lunch time was more positive, making the Euro more expensive.

Sending money in Euros is now approaching record price levels.

Tomorrow’s UK trade balance figures should give a clue as to the next movement – keep in touch with your currency broker if you have any requirments. Don’t assume the exchange rate will improve – it could be an expensive mistake.