Pound dips ahead of Autumn budget

A shrinking UK economy has fuelled a dip in the Pound.

But the risk for the Pound doesn’t end there as the highly anticipated Autumn budget is on Thursday.

This is a major event for the Pound in normal circumstances.

But this one carries more importance after the last mini-budget saw the Pound drop to an all-time low against the US Dollar.

Whilst we are not expecting that level of chaos, there is still some nervousness about how the currency markets will react.

And it’s a perfect example of just how volatile the currency markets can be.

If you have a currency transfer in mind, you could save money by discussing the timing with your Account Manager.

Click below to get an exchange rate 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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