Key Alert - Interest Rate Decision Today
The Pound’s uptrend has continued vs the Euro.
Last week the GBP/EUR touched 5-month highs.
Today will be a good test of that strength.
We have a UK interest rate decision. While no change in rates is expected, it’s the talk around the decision that gets tongues wagging.
Could be a volatile session ahead.
Bear in mind other leading countries have begun to cut rates, so there is pressure building on the UK to follow suit.
For those interested in Pound to Euro, it’s always worth having a chat with your account manager so you are prepared for any opportunities.
As for Pound-to-Dollar, it’s been fairly choppy week so far.
We expect plenty of action later in the week. Non-farm payrolls come out Friday. It’s always a big number for the Dollar.
So what next, what should you do?
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Please get in touch if you would like to discuss the current trends and rates further.
You can speak to a member of our team on 01872 487 500.
For the latest rates, please 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:
Thursday 1st February 2024 at 10.30
£1.00 GBP = 1.1715 EURO
£1.00 GBP = 1.2645 USD
£1.00 GBP = 1.9390 AUD
£1.00 GBP = 2.0765 NZD
£1.00 GBP = 1.7010 CAD
£1.00 GBP = 1.0920 CHF
How to Save Money on your foreign currency transfers
- Key Currency can save you money by offering more competitive rates of exchange than your bank.
- Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
- All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.
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