Our head of Corporate trading this morning has now changed his prediction from seeing Sterling Euro drop back down to seeing Sterling Euro creep back up towards and potentially through the 1.30 mark.

As the GBP-EUR rate has managed to keep its head above the 1.25 barrier for a period of time now it seems that we could see rates push forward. With the European interest rate cut, problems with the banks in Spain and a potential bailout for Italy it really is indeed hard to see a great movement back for the Euro in the near term and personally I am starting to agree that we may push up to fantastic levels for those looking to buy property within Europe.

An interesting week ahead for the Pound however as we see Bank of England minutes due out on Wednesday morning and we all know the BOE seem extremely good at denting the Pound so for those selling Euros be prepared for a potential opportunity on Wednesday.