Pound drops to 4-month lows against Dollar

The US Dollar has shot up after a shock inflation reading. Inflation increased from 3.2% in February to 3.5% in March.

It might not sound like a big deal, but it’s a major plot twist.

We’re in a world where inflation is expected to be falling (fast), not going back up again.

Now it seems the US Federal Reserve has the luxury of sitting back and putting their feet up for while (markets were expecting a June cut).

As a result of Dollar strength, the GBP/USD rate has dropped to 4-month lows.

Hey, things can always be worse. The Japanese Yen just hit 34-year lows against the US Dollar! Ouch.

The tug of war between the Pound and Euro continues.

The Pound made some good ground early this week with a powerful surge on Monday and Tuesday.

But a retreat yesterday suggests the Euro team is fighting back (Heave!).

There’s plenty of volatility in exchange rates at the moment.

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you have a currency requirement, best to get in touch to discuss current exchange rates, market strategies and upcoming events.

Please make sure you get in touch so we can discuss market trends and target rates.

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

To find out the latest rates, click below.

Kind regards,
David Evans
Co-Founder of Cle France.

Cle France / Key Currency