Sterling Euro Exchange Rates
Today we have the eagerly anticipated European inflation data which will be closely watched as there has been a lot of talk about single currency economy falling into deflation and with the news that German inflation had fallen yesterday there is now the expectation that the figures today will be weak which could raise the pressure on the European Central Bank (ECB) to act in order to stave off deflation. These measures could be cutting interest rates even further (some had suggested negative interest rates) or introducing more money into the system through methods such as Quantitative Easing (QE) and with the next ECB announcement on a week Thursday it means that weak figures today could lead to changes as soon as a weeks time which could really lead to some Euro weakness and Sterling Euro exchange rates pushing up even higher. So, with this in mind today is likely to be a very important day for EUR exchange rates and could set the tone for the next week of so for GBP EUR.
If you need to buy or sell Euros it will be important to stay in close contact with your account manager or alternatively keep a track of the live exchage rates on http://www.currencies.co.uk/live-exchangerates/