Euro rates up… at last

28 July, 2011


Rates for buying Euros have improved slightly today – up nearly 3%. That will save you £6,000 if you need to transfer €200,000 abroad, for example the best rate for sending money to France.

The reason? Some over-selling at Christmas, and relatively positive data out today. Beware however, the Bank of England are due to cut interest rates again on Thursday and that is not usually good news for sterling.

There is a lot of data out this week which could make a difference to the value of the Pound against all other currencies – keep in touch with a currency broker who can help you get the best foreign exchange deal.