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Here we are. June is finally here after a month of violent swings on buying Euro exchange rates as markets try to second guess how the vote may turn out.
April delivered just as much drama as March to Euro buyers. Again, as with the ‘Panama Papers’ scandal, this originated overseas. Barack Obama’s recent visit to the UK ran parallel to a near 6% rise on GBP/EUR exchange rates.
March proved to be just as difficult for Euro buyers as January and February of this year, with the potential as we edge closer to the Referendum that rates may be knocking on the door below 1.20 on GBP/EUR.
Anticipation towards the EU referendum in June has been the focal point for the more extreme swings on the currency markets during February. Joshua Privett, a senior broker and analyst on the team over at currencies.co.uk explains how the current political upheaval will affect the position of French property buyers, and offers advice on how to manage this to make your purchase as smooth and as cheap as possible.
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