It’s Jingle Hell for the Pound at the moment…
Brexit and COVID-19 both need urgent attention – neither of which has brought much Christmas cheer.
As you know, time is running out to avoid a hard Brexit.
While the government maintains ‘no-deal’ is the most likely outcome, betting markets still indicate a 60% chance a last-minute deal will be struck.
This stoic optimism is probably why the Pound hasn’t been hit harder thus far.
But analysts are warning that the Pound could see a “severe downside shock” if a deal is not done in the next few days.
What Should You do?
The good news is it’s not too late to lock-in a rate before the end of the year.
Given the extreme uncertainty, we are seeing a lot of activity right now.
Understandably, people don’t want to worry over Christmas.
Should you wish, you can protect your money from an adverse move by securing a rate today.
To speak to a trader, call us on 01872 487 500.
Or to find out our latest exchange rates, click on the link below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Tuesday 15th December 2020 at 11:10
£1.00 GBP = 1.0981 EURO
£1.00 GBP = 1.3429 USD
£1.00 GBP = 1.7797 AUD
£1.00 GBP = 1.9045 NZD
£1.00 GBP = 1.7280 CAD
£1.00 GBP = 19.6087 ZAR
How to Save Money on your foreign currency transfers