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I'm based in the UK, as are all users of my web app, and currently host in the EU-West region. The US-East region is quite a bit cheaper and I'm using a service from another company that locate their servers in the US-East region (meaning that I'll have data transfer costs between regions if I kept things in the EU). Has much of a speed difference am I likely to see between the two?

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You can use this link for testing around 50 different services of AWS. 

https://cloudharmony.com/speedtest 

If you only want Amazon EC2, you can type it in the search bar in the link, or directly use this and click on "Start"

https://cloudharmony.com/speedtest#for-aws:ec2 

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