Problems in Greece, Portugal continue cheaper Euro

28 July, 2011


If you are transferring money to Italy, France or any other Eurozone country, we have the best Euro rates since August again today, with the mid-market rate touching 1.16 in morning trading.

The economic problems in Greece and Portugal are weighing on the Euro and decreasing its value. In addition, comments from the Bank of England that Quantitative Easing is likely to be ended next week have given sterling a boost.

There is no major European data due out this afternoon, so it may be a good time to look at securing your exchange rate today.