Pound slips from 12 Month Highs

We all know politicians prefer the sound of their own voice.

But the British people have spoken loud and clear.

The dire results for the Conservative and Labour parties at the local elections has prompted both sides to try and reach a deal on Brexit.

In recent days it sent the Pound to 12-month highs against the Euro and the best levels against the USD in quite a few months.

But the Pound has begun to retreat as the Conservatives are already plotting a leadership revolt to prevent any compromise.

While the October extension to Brexit has taken some pressure off, the questions of if, when and how Brexit will happen remain unanswered, making the Pound’s future direction highly uncertain.

If you have a requirement to purchase EUR or USD from GBP, please consider taking advantage of the recent move higher. There’s no time like the present.

Call us on 01872 487 500 to speak to a friendly currency expert.

Or to find out current exchange rates, please click on the link below.

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Current rates:

Wednesday 8th May 2019 at 10:25

£1.00 GBP = 1.1642 EURO

£1.00 GBP = 1.3039 USD

£1.00 GBP = 1.8590 AUD

£1.00 GBP = 1.9782 NZD

£1.00 GBP = 1.7559 CAD

£1.00 GBP = 18.8967 ZAR

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