Pound surges to 3-week high

Pound Sterling has jumped to a 3-week high against the Euro and US Dollar.

Hopes are rising that a Brexit solution may be possible before the 31 October deadline.

Both German Chancellor, Angel Merkel and Boris Johnson have suggested that both sides could find a solution to the “Irish backstop” in the next 30 days.

Politics, they say, is the art of compromise. Perhaps both sides are starting to fear the consequences of a no-deal.

Of course, there’s a big difference between saying and doing.

According to Reuters, a top official in French President Manuel Macron’s office said that no-deal is still the most likely outcome.

One thing is for sure, there will be plenty more twists and turns over the coming weeks and months.

If you are looking to sell Pounds and buy Euros or Dollars, you may wish to take advantage of the favourable rate move.

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Current rates:

Friday 23rd August 2019 at 10:15

£1.00 GBP = 1.1032 EURO

£1.00 GBP = 1.2210 USD

£1.00 GBP = 1.8064 AUD

£1.00 GBP = 1.9129 NZD

£1.00 GBP = 1.6256 CAD

£1.00 GBP = 18.5046 ZAR

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