Euro sat near 3-month highs

The Pound has lost a lot of value against the Euro recently.

It finished last week at its lowest level since late March.

It’s partly because the Eurozone economies are further along in the ‘opening’ process.

But it’s also because Brexit has become a thorny issue again.

Put simply, GBP is getting hit on two fronts: Coronavirus and Brexit.

It creates short-term and long-term uncertainty.

However, the Pound looks to be gaining some much-needed support as the latest Brexit talks have a “new momentum” according to the politicians.

For those holding Euros, it could be a good time to take advantage of the Pound’s weakness.

The potential for large unexpected movements in currencies this year are high, so current levels can’t be taken for granted.