GBP/EUR exchange rate the best for buying Euros since 2012 !
Great News for anyone wishing to buy a property in 2014 ! The GBP/EUR exchange rate has made a clear breach of 1.26, offering one of the best opportunities for buying Euros over the last 2 years. This means that anyone from the UK who wishes to exchange Pounds to Euros to buy a property will get even better ‘value’ for their overseas property purchase.
The ECB have also announced that they are committed to implementing unconventional monetary easing measures in the Eurozone to combat the threat of deflation in the future. This could be in the form of Quantitative Easing, which historically weakens the currency in question. With the UK economy performing well in recent months, whilst the Eurozone continues to post inconsistent data releases, the long-term view for GBP/EUR is that the rate will continue to rise. Currency Experts predict that we could see the Pound put pressure on 1.30 against the Euro by the end of this year.
Read more about currency excahnge and getting the best rate for currency conversions on Barrington Homes dedicated currency webpage.