Good time to purchase Euro?

The Euro has declined further this morning and we have seen GBP/EUR at 1.20 while EUR/USD has been trading around 1.3255ish. The EU agreed yesterday to provide capital more quickly for the planned permanent bailout fund , ESM, in order to strengthen the EU’s defences against the debt crisis.

There has been encouraging news in the UK with regard to house prices and mortgage approvals increasing; whether this will continue is anybody’s guess!

Basically, if you have sterling but need to buy Euros it wouldn’t be a disaster if you bought them now!!