Interest rate rise could happen this year, Bank of England governor Mark Carney signals GBPEUR above 1.25 &GBPUSD above 1.69

There has just been a shock in the markets; In a key note speech an hour ago, Governor of BoE Mark Carney said that an interest rate rise "could happen sooner than markets currently expect".

Previous consensus of this was that interest rates would rise in the first quarter of 2015, however it seems that this has now been revised.

For those worried about sharp and frequent interest rate hikes, then Mark Carney did say "I want to protect those who own homes, protect those who aspire to own a home, and protect the millions who suffer when boom turns to bust."

So what does this mean for Sterling sellers? Well right now the markets have reacted and subsequently we are seeing great exchange rates, highest on GBPEUR of 2014 so far, if you would like to take advantage of these exchange rates, then please don't hesitate to contact me.