Pound under Pressure

A little surprising given we have a booming housing market, bumper business confidence and 50% of the UK adult population now fully vaccinated.

When a currency fails to make gains on positive news it can be a warning sign that the good news is already in the price.

There’s no doubt the Pound’s had a strong run.

Only last week, GBP hit a 3-week high against the Euro, over 3-year highs versus the US Dollar, and over 6-month highs versus the Aussie Dollar.

Perhaps it’s what’s on the horizon that’s worrying traders.

Brexit tensions are simmering and attention is now turning to the next stage of lockdown easing.

All eyes (and ears) will be on Parliament next Monday.

The announcement is likely to determine the direction of travel and direction of the Pound.

It’s an upcoming risk to be aware of.

In the interim, if you would like to take away the stress and worry around exchange rate volatility, consider locking-in a rate.

Our team can guide you on market trends and the rates available.

To speak to a currency expert, call 01872 487 500.

Or click below to find out our latest rates.

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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