Euro hits 2-month high against Pound

The Euro has hit a near 2-month high against the Pound.

Surging energy prices have dealt a blow to the Pound.

An 80% hike in the price cap is the main culprit.

Up until recently, the Eurozone appeared to be bearing the brunt of the energy crisis.

But this week, the Pound is clearly under pressure, with the spotlight off the Euro.

Elsewhere, the US Dollar is still at historic levels of strength.

This looks set to continue.

While the Euro is on top of the Pound for now, next week things could change.

So what next, what should you do?

With the energy crisis, political uncertainty and the spiralling cost of living, volatility is likely for the foreseeable future.

If you have a currency transfer in mind, it could pay to speak to your currency representative, who can help guide you on currency markets and exchange rate trends.

Click below to get a quote today or call 01872 487 500.

Current rates:

Wednesday 31st August 2022 at 10:00

£1.00 GBP = 1.1662 EURO

£1.00 GBP = 1.1649 USD

£1.00 GBP = 1.6947 AUD

£1.00 GBP = 1.9005 NZD

£1.00 GBP = 1.5264 CAD

£1.00 GBP = 19.8373 ZAR

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