No Reason to Expect Sterling to Begin to Strengthen Against the Euro

An excellent article in the Sunday Telegraph on Sunday 7th December talked about how Sterling had taken a pounding in the past week, suffering its biggest fall against the dollar since 1992.

Stephen Heath, Chief Executive of FairFX offered valuable advice in the article saying "It is in consumers' interest to keep hold of their foreign currency, not convert it back into Sterling immediately."

Mr Heath was also quoted in the online finance advice publication Easier.com, saying: "As yet the Euro has not shown any sign of weakening against the Pound, so fundamentally we have no reason to expect Sterling to begin to strengthen against the Euro for a while to come."

Monday 08 December 2008, 11:41am

Tags: currency volatility, dollar, dollar exchange rates, euro, euro rate, euros, opodo, press mentions, sterling