Pound jumps to 12-month high

On the one hand, the Pound has jumped to 12-month highs against the Euro.

On the other hand, the Pound is nearing 12-month lows against the US Dollar.

I’m no historian, but I can’t recall ever seeing that before!

There are of course good reasons behind these extraordinary moves.

The US Dollar is surging on the back of rampant US inflation – which could force the Federal Reserve to rapidly tighten policy.

As for the Euro, it’s getting hammered as Covid is once again sweeping through Europe as winter approaches.

The Pound is caught somewhere in between.

The UK faces rising inflation and rising Covid – which in currency terms are cancelling each other out.

For our customers, these big market moves present risk and opportunity.

For those on the other side of the equation, you may need to think about whether you can afford for things to get worse.

Whatever your currency requirements, please get in touch with a member of the Key Currency team on 01872 487 500.

We will always help guide you on the best strategy for your situation.

To find out our latest exchange rates, click on the link 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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