Best Euro Exchange Rates - Best Euro Rate Information

Euro forecast is heading lower

Today we have the Spanish and German CPI figures for September. Both are likely to show falls in annual headline inflation rates from August due primarily to lower energy prices.

In the EU Draghi has spoken about the euro stating the euro area looks like devaluation.

While the European Central Bank president says the exchange rate isn’t a policy target, officials aren’t secretive about their approval of the currency’s 9 percent slide. The depreciation increases the cost of imports and boosts exporters’ competitiveness, aiding the effort to revive inflation that data tomorrow will probably show is at the weakest since 2009.

Pound euro is currently sitting at 2.5 year high therefore is a great time to look at trading and securing forwards.

This week is a very busy one for the US. While the payrolls report later in the week will get more market attention today’s household spending report will also be of interest as it will help in gauging the likely contribution of consumer spending to Q3 GDP growth.

In advance of tomorrows UK GDP revisions, money data for September will likely show some signs of activity moderating in Q3.

MORNING MARKET RATES:

GBPEUR 1.2800
GBPUSD 1.6228
EURUSD 1.2674
GBPSEK 11.777
GBPAED 5.9617
GBPAUD 1.8615
EURGBP 0.7810
GBPJPY 177.83
GBPTHB 52.528

Please contact me to discuss SPOT pricing, FORWARD pricing or alternatively placing MARKET ORDERS at pre-desired rates.

P.S. WHY NOT TAKE ADVANTAGE OF THE STRONG GBP AND LOOK AT SECURING EUROS ON A FORWARD CONTRACT FOR UP TO 2 YEARS IN ADVANCE. WE ONLY REQUIRE A 3% GBP DEPOSIT TO SECURE A RATE GIVING YOU PEACE OF MIND AGAINST RATE FLUCTUATIONS.

Kris Charalambides
Senior Account Manager
kris@imsfx.co.uk
www.imsfx.co.uk
Direct Dealing Line : 0207 183 7928
Dealing Desk : 0207 183 2790





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