Pound in the spotlight this week

The Pound has started this week on relatively firm footing.

With Covid cases receding in the UK, investors are focusing on the recovery story.

The IMF recently revised its 2021 growth forecast for the UK up to 7% - which is the joint highest growth rate of the major advanced economies (along with the USA).

As things improve, both the UK and US central banks are making noises about tightening their ultra-loose policies.

Speaking of which, the Bank of England meets this Thursday for their monthly chat.

Central bank meetings can be big market movers even if nothing actually happens. That’s because ‘forward guidance’ (hints about the future) is a critical part of their mandate. This will no doubt put the Pound in the spotlight tomorrow.

With so much global uncertainty, there is plenty that could change in the weeks ahead.

For those with currency requirements, it pays to be ready to make the most of opportunities as they arise.

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

To speak to a member of our team, call 01872 487 500.

Or to find out our latest 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 4th August 2021 at 11:20

£1.00 GBP = 1.1752 EURO

£1.00 GBP = 1.3937 USD

£1.00 GBP = 1.8791 AUD

£1.00 GBP = 1.9698 NZD

£1.00 GBP = 1.7468 CAD

£1.00 GBP = 19.8802 ZAR

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