Pound all set for Budget Day

Sterling’s recent run has hit the brakes…

The Pound has fallen to a 2 week low against the US Dollar.

And against the Euro, the Pound hit a peak 7 days ago.

The UK’s accelerated vaccine roll-out had a positive effect on the Pound, but it was always going to be temporary.

Many countries are now moving from rescue to recovery mode.

Some central banks are even considering raising interest rates due to fears that there’s too much stimulus in the system – as can be seen by rampant stock and property markets.

Closer to home, the UK is set for the latest Budget.

Most Budgets are widely leaked to the press these days, so it may not make for exciting news.

Expect to hear the words ‘support’, ‘navigate’ and ‘recovery’ on a perpetual loop.

As always, we are here to take advantage of any favourable moves in currency markets.

Being pro-active with timing can make a significant financial difference.

If you would like to discuss your upcoming requirements, you can call us on 01872 487 500.

To find out our latest exchange rates, just click 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 March 2021 at 09:30

£1.00 GBP = 1.1577 EURO

£1.00 GBP = 1.3989 USD

£1.00 GBP = 1.7874 AUD

£1.00 GBP = 1.9172 NZD

£1.00 GBP = 1.7644 CAD

£1.00 GBP = 20.8670 ZAR

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