The Pound has lost a lot of value against the Euro recently.
It finished last week at its lowest level since late March.
It’s partly because the Eurozone economies are further along in the ‘opening’ process.
But it’s also because Brexit has become a thorny issue again.
Put simply, GBP is getting hit on two fronts: Coronavirus and Brexit.
It creates short-term and long-term uncertainty.
However, the Pound looks to be gaining some much-needed support as the latest Brexit talks have a “new momentum” according to the politicians.
For those holding Euros...
Perhaps you have an offer on your French property and will be soon selling your euros back into your home countries currency?
It could be a good time to take advantage of the Pound’s weakness.
The potential for large unexpected movements in currencies this year are high, so current levels can’t be taken for granted.
Please get in touch with a member of the Key Currency team on 01872 487 500.
Or to find out our latest exchange rates, request a quote below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Tuesday 23rd June 2020 at 10:15
£1.00 GBP = 1.1046 EURO
£1.00 GBP = 1.2473 USD
£1.00 GBP = 1.8024 AUD
£1.00 GBP = 1.9238 NZD
£1.00 GBP = 1.6875 CAD
£1.00 GBP = 21.4976 ZAR
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