Euro Jumps to 3-week High

There’s been some big swings in exchange rates lately.

This week the Euro has popped up, climbing to 3-week highs against the Pound.
Inflation is still the buzzword among traders right now.

We warned last week that central banks around the world are getting very worried.
Inflation in most major economies is sitting way above target levels.

Speaking of which, the Bank of England meets this Thursday.

With UK inflation surging, it’s believed an interest rate hike is almost certain. What’s said about future hikes will also be closely watched.

The US economy is in a similar predicament, but we expect a different approach.

The US Federal Reserve is likely to taper bond purchases rather than increase interest rates.

As for the European Central Bank, they are behind the curve (as always).

Despite Eurozone inflation running at over 4%, they are acting as cool as a cucumber – indicating that rates won’t rise until late 2023!

We believe traders have been buying the Euro ahead of the ECB waking up to reality.

The bottom line is currency markets never sit still for long.

There is always something bubbling, ready to change the course of future exchange rates.

Our pro-active approach can help you achieve a better exchange rate and avoid unexpected losses.

Do reach out to our team on 01872 487 500 to discuss how we can assist.

Or to find out our latest rates, 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 November 2021 at 10:50

£1.00 GBP = 1.1753 EURO

£1.00 GBP = 1.3624 USD

£1.00 GBP = 1.8300 AUD

£1.00 GBP = 1.9076 NZD

£1.00 GBP = 1.6912 CAD

£1.00 GBP = 20.9613 ZAR

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