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Euros to GBP

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On Monday, 26th January 2015 following question to our expert...

I'm selling a house in France 6 weeks today and am I better exchanging immediately back to GBP or waiting in the hope of better rates, please?

On Monday, 26th January 2015 ...

Hi Sandy -

there are two ongoing dangers to the euro right now - the EUR1 trillion+ Quantitative Easing scheme announced last week by the European Central Bank and the potential EU exit from Greece following Syriza's election victory yesterday.

Analysts are almost unanimous in forecasting further losses for the euro against Sterling in the short to medium term, so you would be wise to consider acting sooner rather than later on your requirement.

Regards,

John
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