There is no major data releases of note that I can put this weakness down to at present, although German PPI (Producer Price Index) data came out a lot better than expected which may have led to Euro strength.
At the time of writing this post GBP - USD hit 1.6299 and GBP - EUR dropped to 1.1114 which is a huge drop from yesterday.
I will provide further updates once I have found out the reasons behind these losses, however should you have an upcoming transfer it may be prudent to get in touch sooner rather than later.
This is a brief summary of todays report, should you wish to make a currency enquiry Email Me
I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website
If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me
Have a great day and thanks for reading!
Daniel Wright
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