Pound Sterling Rebounds (for now)

The situation in the Ukraine is clearly escalating.

Normally in times of geopolitical uncertainty, Pound Sterling would be sold off in favour of ‘safer’ currencies like USD, JPY and CHF.

Not so far.

So why has the Pound been so resilient?

I suspect it’s due to the strength of the UK economy.

The recent data on manufacturing and services confirmed the economy is springing back to life.

And with inflation at its highest level in 30 years, the Bank of England must awaken from its slumber.

Interest rate decisions are no longer as boring as a wet weekend in Wigan.

But it doesn’t make the Pound a sure thing.

Other countries are also raising rates and dare I whisper it… Brexit hasn’t gone away.

With so many issues at play… inflation, war, covid, Brexit… we expect currency markets to swirl in volatility.

That will provide risks and opportunities ahead.

If you have currency requirements over the coming weeks and months, please do get in touch.

We can discuss and agree on the right time to exchange your money.

Call us on 01872 487 500 to speak to a member of our team.

Or click below to find out our latest exchange 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.

Want to Learn More?
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