GBP/EUR Trading

BoE raises interest rates and warns of a recession. The Pound falls as the BoE raise interest rates to 1%, the highest level since 2009 and warns of a risk of recession as energy prices continue to rise. The cost of living crisis worsens and impacts the UK economy and inflation.

Inflation is already at its highest level in 30 years, and it could rise to 10% by the end of 2022.

The rising costs of fuel, energy, food, and imported goods are becoming more and more expensive.

The Ukraine/Russia war has exacerbated a problem that will only worsen. Households are feeling the pinch, and many are already on the breadline.

GBP/EUR is now trading at levels last seen in December 2021.

On €200,000, that is a difference of £2,500.

If you need to make any payments in Euros, Spartan FX can help you manage your payments.

With Spartan FX you do have options

We can monitor the exchange rate for you.

We can buy your euros in advance, and we can hold your Euros on account free of charge.

If you don’t want to buy all your Euros in advance, you could buy some/half to spread your risk.

If you don’t have all the money available, you can fix the rate with a 10% deposit.

Speak to Spartan FX, KipperTrees's official currency partner. We can help secure the price of your Euros and protect your budget.

Call +44(0)203 984 0450 or email kippertree@spartanfx.co.uk