Peace talks bring Euro positivity

We’re finally seeing some optimism as Ukraine and Russia begin peace talks in Istanbul.

With the conflict on its doorstep, the Euro is closely linked to the outcome of the talks.

So initially, the Euro has seen a modest rise against the Pound and US Dollar.

Unfortunately, though, experts aren’t expecting a miraculous solution.

Any peace agreement will likely take compromises and time.

This means the Euro faces uncertainty for the foreseeable future.

Back in Blighty, inflation and energy prices are the main driving forces on the Pound.

The Pound dipped against the Euro and US Dollar as we battle the highest inflation for 30 years!

But it has stabilised a little after sharp losses earlier this week.

Ultimately though, the UK’s pessimistic economic outlook still looms over the Pound.

There’s no simple fix to solve rising living costs.

The Dollar is still holding firm as the safe-haven currency of choice.

This has been the only real mainstay in recent weeks.

But as each currency pair fluctuates rapidly, expert guidance is just as important as ever.

If you’re looking to make a currency transfer in the coming days, weeks or months, please do get in touch.

To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

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