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Euros to gbp

Your questions answered by our Currency Expert John Cameron. Click here to ask your currency question...

On Tuesday, 27th October 2015 following question to our expert...

I have inherited some euros which are still on the continent. Should I open a euro account and leave it abroad, or should I exchange them now.

On Wednesday, 28th October 2015 ...

Good Afternoon Mary,

In answer to your question, the euro was riding high against the Pound Sterling two weeks ago following the publication of UK data revealing that the home economy slipped into deflation for only the second time since the 1960s last month.

However, the subsequent fortnight has seen significant selling pressure on the euro following ECB President Mario Draghi’s suggestion that there may be more Quantitative Easing on its way for the eurozone.

For this reason, I would consider selling your EUR sooner rather than later.


John Cameron
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