GBP/EUR Weekly Currency Update

Old Jan 4th 2010, 3:10 pm
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Default GBP/EUR Weekly Currency Update

Hi All,

As promised here’s a brief update on what’s been happening with the Euro over the last week.

Over the past few months GBP has been fairly quiet drifting either side of the pivotal 1.1000 level. That price action looks likely to continue in the coming sessions as the currency lulls us all into a false sense of security. However history has taught us that GBP has a habit of sending the market to sleep before erupting resulting in weeks of turmoil for the currency.

GBP/EUR Movement – High’s & Low’s of last week (28/12/09 – 01/01/10)

Low’s: 1.1044

A movement of: 2.25%

Difference on £200k

High: 225,860 Euros
Low: 220,880 Euros

Difference of:4,980 Euros

Whilst FX isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.

A further update will be added next week.


Mark Bodega
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