The Euro has risen sharply after a tough few months.

Recent comments from the European Central Bank hinted at possible interest rate hikes.

It seems they’re finally responding to the soaring inflation in Europe.

This caused the Euro to shoot up against the Pound to a near 2-week high.

In the UK, the economy is looking increasingly shaky.

The Pound also took a hit against the US Dollar.

We’re starting to see inflation take its toll on UK businesses.

Each update on the UK economy will tell us more about the prospects for the Pound.

But at the moment, the long-term outlook is gloomy.

As currency markets continue to be volatile, support from your account manager could be crucial in saving you money.

If you have a currency transfer in mind, get a free quote or call 01872 487 500.

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 25th May 2022 at 10:55

£1.00 GBP = 1.1715 EURO

£1.00 GBP = 1.2507 USD

£1.00 GBP = 1.7664 AUD

£1.00 GBP = 1.9331 NZD

£1.00 GBP = 1.6056 CAD

£1.00 GBP = 19.4908 ZAR

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• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

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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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