Pound jumps but for how long?
The Bank of England raised interest rates for the first time in 3 years.
The Pound jumped against the Euro, US Dollar and most other currencies on the news.
It was a brave decision given how uncertain things are right now.
The Omicron variant is the Ebenezer Scrooge of Christmas.
If Boris Johnson introduces new restrictions once the turkey and brussels are eaten, the Pound’s gains could be very short-lived.
Make sure any upcoming transactions are protected against the risks of sudden market movements.
Consider taking advantage of current exchange rates while you can.
Speak to a member of the Key Currency team on 01872 487 500.
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:
Friday 17th December 2021 at 11:15
£1.00 GBP = 1.1739 EURO
£1.00 GBP = 1.3283 USD
£1.00 GBP = 1.8578 AUD
£1.00 GBP = 1.9662 NZD
£1.00 GBP = 1.7016 CAD
£1.00 GBP = 21.1362 ZAR
How to Save Money on your foreign currency transfers