Has Euro Rate Peaked?

28 July, 2011


Sterling – Euro peaked this morning above 1.1350 (or 88.1p) – the best rate for buying Euros this year.

Slightly positive Euro data out this morning seems to have halted the Pound’s momentum, and we have dropped the best part of a cent in the last 2 hours.

If you are considering transferring Euros abroad in the coming weeks, do contact your UK currency broker to discuss a currency strategy – with the budget next week and a lot of other figures released on the British economy on Tuesday, it could be good to consider securing a rate now.