The pound has managed to extend its gains against the euro resulting in a fresh 22-month high.
We have continued to see a great run of UK economic data recently and what’s more, the UK looks set to tighten its monetary policy, possibly as early as the end of this year.
In contrast, the Eurozone is in a period of easing its monetary policy which would lead to a weaker euro. Recent concerns over the Portuguese banking sector have also rattled the single currency.
Naturally, this presents a great time to move your money. So whether you’re ready to transfer now, or want to take advantage of these fantastic exchange rates for a future transfer, get in touch today.
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