New Prime Minister gives Pound hope

The Pound has turned positive with the uncertainty out of the way.

However, inflation and rising energy prices are still the main drivers of exchange rates right now.

In Europe, the main gas pipeline has been cut off by Russia, causing further energy price rises.

Tomorrow, interest rates are likely to be increased again in the Eurozone.

The UK’s interest rate decision comes next week. Another increase is likely.

A new government, an energy crisis and interest rate increases.

Could much more be happening all at once?

It has the potential to be a volatile week in the currency markets with widespread uncertainty.

If you have a currency transfer in mind, get in touch with your currency representative who can talk it through with you.

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

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How to Save Money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than your bank.
Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
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