The Euro has had a good run lately.

The Euro has climbed to its highest levels against the Pound since the 10th of May.

It could prove temporary.

The unique differentiator for the Pound in the last 6 months has been the rapid vaccine roll-out.

At present, 72% of UK adults have had their first vaccine.

In comparison, it’s only 35% in Europe - less than half the UK’s level.

The expected economic benefits of this have boosted the Pound.

In fact, the Pound’s performance so far in 2021 has been second only to the Canadian dollar among the world’s 10 leading currencies.

So the recent wobble in the Pound may just be profit taking as restless traders await fresh economic data.

So what can you do about this situation?

As always, you never want to take favourable rates for granted.

Sometimes currency markets look far into the future and begin to adjust exchange rates well before new events occur.

In the latter half of 2021, the marginal advantage of the vaccine roll-out will shift from the UK to Europe, and the Pound’s gain could unwind.

If you would like some guidance on rates and timing, please get in touch.

To speak to a trader, call us on 01872 487 500.

Or to find out our latest exchange rates, click below.

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 26th May 2021 at 10:00

£1.00 GBP = 1.1562 EURO

£1.00 GBP = 1.4152 USD

£1.00 GBP = 1.8200 AUD

£1.00 GBP = 1.9403 NZD

£1.00 GBP = 1.7091 CAD

£1.00 GBP = 19.6037 ZAR

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• Key Currency can save you money by offering more competitive rates of exchange than your bank.
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