Market Update - Plenty Happening in 2024

The Pound to Euro rate has been pretty steady despite German exports smashing forecasts.

Normally you would expect GBP/EUR to drop on that news (due to a rise in the Euro).

The lack of reaction is a bullish sign for the Pound.

I suspect investors are instead focusing on the expectations of an interest rates cut ahead of the Bank of England.

GBP/USD has been creeping up over the past week.

The Pound started 2024 poorly against the Dollar, but yesterday briefly hit highs for the year.

We’ve also seen the Pound climbing against the Aussie Dollar.

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Get in touch if you would like to discuss current rates and your own currency strategy.

You can speak to a member of our team on 01872 487 500.

To find out the latest rates, click below.

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