The Pound has been remarkably resilient this week despite the new lockdown measures.
It’s not good news for the battered UK economy.
The three-tier system will cause plenty of financial tears, the longer it goes on.
Why’s the Pound not crashing down?
It’s being supported by hope for a breakthrough on Brexit.
Hope being the operative word.
As always, it’s tricky to know what to believe with Brexit.
While the EU’s Michel Barnier says we are inching towards a deal, the French minister, Jean-Yves Le Drian, says a no-deal Brexit looks likely at this point.
We would be more calm if the markets were more nervous.
It seems to us that there is a degree of complacency about the political risks hovering over GBP.
If you need to transfer money abroad, you may wish to protect yourself from the turmoil ahead by securing a favourable exchange rate.
To speak to a trader, call us on 01872 487 500.
Or to find out our latest rates, please click below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Wednesday 14th October 2020 at 09:30
£1.00 GBP = 1.0979 EURO
£1.00 GBP = 1.2891 USD
£1.00 GBP = 1.7970 AUD
£1.00 GBP = 1.9351 NZD
£1.00 GBP = 1.6929 CAD
£1.00 GBP = 21.3063 ZAR
Need to Send Money Abroad?
- At Clé France / Key Currency, many of our customers have a need for currency exchange.
- We are pleased to offer our customers favourable exchange rates on international currency transfers.
- As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.
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