Pound Plunges to 27 Month Lows

The Boris bounce has turned into the Boris bloodbath…

Our new PM is not mixing his words and the markets are listening.

Since Johnson became Prime Minister last week, Pound Sterling is the worst-performing currency in the world.

It seems likely Johnson is gearing up for an election as soon as Autumn.

His extreme rhetoric (real or fake) is designed to nullify the threat of Nigel Farage’s Brexit Party.

In the space of just a week, the Pound has lost around 2.4% already.

Over the coming months, where the Pound will land is anyone’s guess.

While we deal in commercial exchange rates, we note that the Pound is worth just 85 Euro cents at UK airports and is at parity with the Dollar. Ugly times for summer travellers.

If you have a currency requirement, please get in touch to discuss your situation.

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Thanks For Reading, What Next?

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Current rates:

Tuesday 30th July 2019 at 10:10

£1.00 GBP = 1.0924 EURO

£1.00 GBP = 1.2173 USD

£1.00 GBP = 1.7665 AUD

£1.00 GBP = 1.8385 NZD

£1.00 GBP = 1.6037 CAD

£1.00 GBP = 17.3093 ZAR

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