You may have been surprised by the Pound’s reaction to the Brexit deal…
A lot of people were expecting a big jump if a deal got done.
It didn’t happen.
While the UK has avoided the ‘worst-case scenario’, there is still plenty of uncertainty ahead.
Investors are worried that the Brexit deal covers goods not services.
But services make up 80% of the British economy.
Financial services, in particular, is a huge money spinner for the UK.
That fight is for another day.
More immediate is the fear of another national lockdown.
Coronavirus is spreading quicker than the vaccine response.
All in all, the Pound is struggling to gain any ground.
Given the uncertainty that lies ahead, you may wish to secure an exchange rate today.
It will give you one less thing to worry about going forward.
We are open as usual.
To speak to a trader, call us on 01872 487 500.
Or to find out our latest rates, click below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Tuesday 31st December 2020 at 12:45
£1.00 GBP = 1.1136 EURO
£1.00 GBP = 1.3663 USD
£1.00 GBP = 1.7679 AUD
£1.00 GBP = 1.8897 NZD
£1.00 GBP = 1.7422 CAD
£1.00 GBP = 20.0711 ZAR
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