Pound hits 8-month high against Euro

The Pound’s resurgence continues…

Against the Euro, the Pound has pushed to 8-month highs.

And against the US Dollar, GBP is still hovering near 2-year highs.

Why?

Analysts are citing the accelerated roll-out of vaccinations in the UK will lead to a faster economic recovery than elsewhere.

While the good news is welcomed, we never get complacent with currency moves.

As the expression goes “A rooster one day and a feather duster the next”.

The UK (and therefore the Pound) still has a few risks on the horizon. For example; the potential for a Scottish independence referendum and the threat of trading tariffs should the UK break away from EU laws.

What should You do?

If you need to convert Pounds into Euros, consider taking advantage of the current rate.

Those that need to sell Euros or Dollars, historically you are still in a solid position.

If you would like to speak to someone, call us on 01872 487 500.

Alternatively, find out our latest rates using the link below.

Thanks For Reading, What Next?

To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates:

Wednesday 3rd February 2021 at 10:50

£1.00 GBP = 1.1355 EURO

£1.00 GBP = 1.3653 USD

£1.00 GBP = 1.7932 AUD

£1.00 GBP = 1.8967 NZD

£1.00 GBP = 1.7457 CAD

£1.00 GBP = 20.4184 ZAR

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