Good morning,
Ok, so things appear to have calmed down following the budget yesterday. This was probably to be expected with most of the headlines already in the public domain before the actual speech!
The GBP/EUR rate remains steady and technically range bound. Plenty of volatility yesterday as expected but looks to have been a storm in a teacup. It's the same with the GBP/USD rate. Relatively steady.
However there is plenty of Euro news on the horizon today. First there's the ECB interest rate decision followed by the ECB press conference. Eyes will certainly be on this this month as inflation has been steadily rising. It's unlikely to change today, however chatter is building that interest rates might start to rise in the near future as central banks endeavour to curb inflation.
As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Today’s Economic Calendar
EUR: 12:45 ECB interest rate decision
EUR: 14:40 ECB press conference
GER: 09:00 GDP data
As ever we look forward to keeping you in the loop and look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.