Euro jumps to 8-week high as Pound stumbles

Over the past week or so, it’s enjoyed its best run against both GBP and the Dollar so far this year.

It’s not a coincidence.

Two key pieces of news were released.

A report from the EU stated that most member states will have “sufficient vaccine supplies to immunise the majority of people by the end of June”.

What’s more, minutes from the European Central Bank’s latest meeting stated that the eurozone is recovering “faster than expected”.

Given the Euro’s poor performance in recent months, any good news is significant because of the negative expectations built into the exchange rate.

Of course, the UK and US continue apace with their vaccine rollout – but that’s effectively already baked into current rates.

Given the movements in rates over recent weeks, working with us closely can be beneficial in terms of optimising the rate you achieve.

Make sure any upcoming transactions are protected against the risks of sudden market movements.

Get in touch with us on 01872 487 500 to discuss your specifics.

Or to find out our latest rates, click below.

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.

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