Pound to Euro Hits 21-month High!
The Pound continues to be in a strong position
The Pound continues to be in a strong position.
Lower inflation and higher growth from the UK economy has helped.
And so far, there hasn’t been any big wobbles since the UK election was called.
Here’s a quick overview of some key rates:
- GBP / EUR has touched 21-month highs
- GBP / USD has hit 2-month highs
- GBP / CAD is at 27-month highs
Given recent moves, it looks to be a good time for buyers of Euro, US Dollar, Canadian Dollar.
But don't take these favourable moves for granted.
Next month’s interest rate meetings will bring some fireworks to currency markets as rate cuts are a possibility – particularly in the EU and UK.
Note – rate cuts tend to weaken a currency.
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.
Make sure you get in touch so we can keep an eye out for your best market opportunities
You can call us on 01872 487 500.
To find out our latest rates, click below
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Current rates:
Wednesday 29th May 2024 at 09:50
£1.00 GBP = 1.1775 EURO
£1.00 GBP = 1.2760 USD
£1.00 GBP = 1.9180 AUD
£1.00 GBP = 2.0790 NZD
£1.00 GBP = 1.7425 CAD
£1.00 GBP = 1.1650 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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