Interest Rate Decision Day – GBP EUR Exchange Rates
Today is a key day for Sterling Euro exchange rates as both central banks – the Bank of England (BoE) and the European Central Bank (ECB) are due to announce their latest interest rate decision. There is expected no change on both fronts but this morning the IMF commented that they believe the ECB should consider cutting interest rates due to the pressure they are currently under with inflation falling in the single currency economy at present. If they did even mention an interest rate cut we could see some major market movement and the EUR could weaken significantly so for any clients with a Euro transfer to make today could be very important. However, despite the comments from the IMF I would be surprised if they changed interest rates today, however the pressure is clearly rising on them to change interest rates or at least act in order to boost inflation levels so all eyes will be on the ECB.
Currently GBP EUR exchange rates are very strong and it seems that it is going to stay this way, meaning there are likely to be some excellent opportunities to buy Euros over the coming weeks and months. So, if you need to transfer funds internationally call us today so we can discuss your requirements and the different options available to you. You can call straight through to our trading floor for free on 0800 328 5884 or if calling from abroad call us on 0044 1494 725353 alternatively you can email me directly on firstname.lastname@example.org