Sterling looks set for a 9th straight week of decline against a resurgent Euro

The Pound hit a fresh 1 year low against the Euro this morning.

This latest move follows a speech by Bank of England Governor Mark Carney yesterday in which he confirmed that the UK economy remains too fragile to consider raising interest rates.

This is a change to previous comments made in the middle of last year when he said the time to normalise rates is moving ever closer. It suggests the Bank of England is unsure when a rate rise will be needed.

With the uncertainty surrounding the EU referendum and possible Brexit already weighing heavy on investors’ minds it would seem the Pounds woes are far from over.

Should you be looking to buy Euros now or during the course of 2016 call us on +44 (0)207 589 3000 to speak to an expert who can offer you guidance. Alternatively to set up a transfer yourself, click here to login to your account.


 

Call Moneycorp on +44 (0)20 3773 6355 for more information or to discuss your currency transfer requirements. Receive free transfers on all your payments. To ask a question about your upcoming property purchase, or for free guidance on the euro – click here.

DES2580_French_Entree_CTA_350x50_v2_ClickDES2580_French_Entree_CTA_260x50_v2_Enquiry

Moneycorp Banner