The Euro has risen at the start of this week.
It’s been boosted by the European Central Bank stating that interest rate rises are likely to continue.
Rising interest rates typically strengthen a currency.
We’ll hear from the Bank of England today.
If they follow a similar route, it could also give the Pound a boost.
But with a UK recession looming, they may decide it’s time to ease off.
With intense speculation around interest rates and recession, currency markets are sensitive to every piece of market news.
Timing your transfer is more important than ever.
No one wants to be on the wrong side of market swings.
So what next, what should you do?
As always, we’re here keeping a close eye on exchange rates.
If you have a currency transfer in mind, it could pay to speak to your Account Manager about current rates, trends and opportunities.
Click below to get a free quote below or call 01872 487 500.
Get a free quote here
Current rates:
Tuesday 29th November 2022 at 11:00
£1.00 GBP = 1.1568 EURO
£1.00 GBP = 1.2014 USD
£1.00 GBP = 1.7825 AUD
£1.00 GBP = 1.9241 NZD
£1.00 GBP = 1.6162 CAD
How to Save Money on your foreign currency transfers