Wild Swings in Big Currencies

Let us try and makes sense of it for you.…

Right now, we are seeing some wild swings in the major currencies.

The market’s main theme recently has been a shift towards risk aversion as scared money seeks safety.

Usually, the US Dollar is considered a safe haven in uncertain times, but not this time.

Money is flowing out of the US Dollar and looking for calmer waters.

Typical safe haven currencies such as the Swiss Franc and Japanese Yen have seen big inflows (as expected).

But given its deep liquidity and lack of alternatives, the Euro has also been a somewhat surprising beneficiary as investors shift away from the US Dollar.

The Euro’s ascent has led to a rapid fall in the Pound to Euro rate. GBP/EUR slumped to 17-month lows late last week.

However, in the last few days, we’ve seen the Pound stage a small comeback against the Euro as investors nerves have calmed down a little.

But it’s likely there will be many more twists and turns to come.

Big announcements from the White House are literally happening daily, so expect more see-sawing moves.

Aside from tariff news, the UK is set to release the latest unemployment and inflation data later this week.

And the European Central Bank has an interest rate decision on Thursday – which tends to be a high impact event for the Euro.

Lots to consider before Easter.

So what next, what should you do?

As always, it’s best to keep a close eye on exchange rates so you can make the most of the opportunities.

Be sure to reach out so we can discuss the best options for you..To speak to our team, call 01872 487 500.

To find out our latest rates, just click below

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1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
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Current rates: 

Tuesday 15th April 2025 at 09:30

£1.00 GBP = 1.1650 EUR

£1.00 GBP = 1.3230 USD

£1.00 GBP = 2.0810 AUD

£1.00 GBP = 2.2385 NZD

£1.00 GBP = 1.8330 CAD

£1.00 GBP = 1.0770 CHF

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