Big week ahead for GBP, EUR & USD
Lots of important news coming up.
This week we have interest rate announcements from the “big three”.
The US Federal Reserve, Bank of England and European Central Bank all have meetings.
Rates rises are expected from all three central banks.
The US is expected to raise rates by 0.25%, whereas the UK and EU are likely to opt for a 0.5% increase (they are playing catch-up with the US).
The speeches that go with the interest rate decisions can be the most important part.
They offer clues as to what will happen next.
As a heads up, you often get a lot of volatility around interest rate announcements.
But volatility can be your friend or enemy.
So what next, what should you do?
It’s always worth being prepared in the event that exchange rates move in your favour.
If you have a currency transfer coming up, please get in touch to discuss a strategy.
To find out our latest rates, just click below.
Benefits of using Key Currency:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Tuesday 31st January 2023 at 10:00
£1.00 GBP = 1.1387 EURO
£1.00 GBP = 1.2325 USD
£1.00 GBP = 1.7576 AUD
£1.00 GBP = 1.9170 NZD
£1.00 GBP = 1.6577 CAD
How to Save Money on your foreign currency transfers