A very brief update this afternoon to say the Pound/Euro rate has risen by almost 2 cents today, pushing through the €1.40 barrier and onwards towards €1.41 – a fresh 7 year high and the best rates have been now since the end of 2007:
The pound has been gaining all day after the European Central Bank (ECB) began its government bond buying programme earlier this week. This also after the head of the eurozone finance ministers' group called on Greece to "stop wasting time" and engage in serious talks on reform.
I’ll post a more detailed update tomorrow afternoon, as my time today has been spent on the trading floor assisting clients with Euro purchases. We’re offering trading levels of €1.40+ today and needless to say we have been very busy indeed performing a record number of GBP/EUR trades.
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