Whats happening with GBP/EUR this week?
With our politicians on an extended holiday now the focus of investors may (finally) switch to economic data. It will be a quiet week on the GBP side of things with all of the UK releases finished. It doesnt mean GBP/EUR will be quiet with the ECB meeting on Thursday and publishing their next interest rate move, this is closely followed by a press conference by ECB president Mario Draghi. If he hints at any future moves on monetary policy the Euro will react accordingly.
Of course, if there are any developments with Brexit there will be moves on the Sterling side of the market, having a personal broker like Optimal Currency on your side will enable you to react quickly and efficiently. Open an account below to access our market knowledge and tools.