Is this the start of a Sterling bounceback?

The Euro is currently trading at 1.30 with Sterling down dramatically from record highs of two weeks ago. This could be the last chance to make the most of the strength of the Euro according to currency exchange specialist FC Exchange.

Nick Fullerton, MD of FC Exchange, said: “Sterling is making real gains against the Euro for the first time since Christmas. The Bank of England left interest rates unchanged today which helped the Pound claw back ground on the Euro even though the European Central Bank has also held interest rates. The Euro was also hit by a report that European and US policymakers welcomed the increased strength of the Dollar.

“Now might be the last chance to realise the gains you have made by owning property in a Eurozone country and cash in before the Euro slides further against the pound and the Dollar.”

People with property in the Eurozone or funds currently held in Euros might consider the following options in the current climate:

Repatriate your funds now, Sterling’s recent gains may signal the end of the Euro’s dominance.

Put in place a stop loss contract and limit order to make sure you get the best value and insure yourself against the pound falling in value again.