The Euro has rallied this week after some tough times.
There is currently speculation a 0.5% interest rate increase may happen in the EU.
This would be a bigger increase than expected, showing Europe is getting more aggressive towards inflation.
The recent rise in the Euro could present a good opportunity for Euro sellers to act.
In the UK, data shows the gap between inflation and wages is increasing.
In simple terms, our living standards are falling.
It’s not good for the man on the street or for the strength of the Pound.
As the world battles inflation, uncertainty in currency markets looks set to continue.
If you have a currency transfer in mind, it could pay to talk it over with your account manager.
Current rates:
Wednesday 20th July 2022 at 10:00
£1.00 GBP = 1.1733 EURO
£1.00 GBP = 1.2005 USD
£1.00 GBP = 1.7385 AUD
£1.00 GBP = 1.9236 NZD
£1.00 GBP = 1.5449 CAD
£1.00 GBP = 20.5841 ZAR
How to Save Money on your foreign currency transfers