Euro slides to 19 month low against Pound

The Euro has slid to a 19-month low against the British Pound (GBP). Today, the Euro dropped to 0.8230.

Attempts for the euro to pick up on the asian market have failed, so the euro seems to be set to remain weak against the pound for a short while.

If you have euros and wish to buy pounds, it would seem that you have several choices:

1. If you’re not in a rush and have no deadline: Sit out this slide in the hope that the euro recovers.
2. If you need to sell your euros now, and buy pounds: You may wish to consider using a currency broker for this. They will seek out the best exchange rate of the day and save you money on the narrowest spread.
3. If you have a deadline when you need to sell your euros by, or buy the pounds: Tell a broker and they will set a stop loss on the sale of the euros, ensuring that you don’t lose an more.

If you have Pounds and want to buy euros. The choices would seem a lot more comfortable than they were a few weeks ago.

Contact a currency broker, just call +44 1480 458400 (01480 458400 inside UK), or contact them here.

There is no charge for using a currency broker. You simply get a better deal.

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