Pound hovers near 5 month high

The Pound’s recent strength against the US Dollar has continued.

GBP/USD is sitting near 5-month highs.

It’s the result of a broad Dollar sell-off against most major currencies.

Against the Euro, the Pound has been struggling to find a clear direction.

While recent UK economic news has been more positive, there remains lingering fears about Brexit.

Talks between the UK and EU are due to resume next week.

As usual, there’s plenty of uncertainty on the horizon for Pound Sterling…

A V-shaped recovery may take place.
A second wave of localised lockdowns may happen.
A vaccine may be discovered.
Brexit talks may fail or succeed.

There are so many variables that it may simply be best to take advantage of favourable currency moves when they arise.

If you would like to speak to someone about your upcoming requirements, call us on 01872 487 500.

To find out our latest rates, please request a quote below.

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Current rates:

Wednesday 12th August 2020 at 09:50

£1.00 GBP = 1.1108 EURO

£1.00 GBP = 1.3053 USD

£1.00 GBP = 1.8312 AUD

£1.00 GBP = 1.9941 NZD

£1.00 GBP = 1.7371 CAD

£1.00 GBP = 22.8460 ZAR

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