I don’t need to tell you what’s dominating currency markets.
As you would expect, all currencies have become highly sensitive to the latest Coronavirus developments.
In relative terms, the Pound has not fared well.
Last week it fell to 5-month lows against the Euro and US Dollar.
That might come as a surprise given Europe has been hit harder by the virus than the UK.
But in times of turmoil, investors look for safe places to park their money.
The US Dollar, Euro, Swiss Franc and Japanese Yen are considered less risky than Pound Sterling.
That’s the perception anyway. And perception becomes reality.
It’s impossible to predict how bad things will get or when things will recover.
There are signs of stability in China – which offers hope. But it may be too late to prevent a global recession.
We appreciate that many people still have currency requirements and may be looking for guidance and support.
If you wish to discuss your plans, we are open as usual. Call us on 01872 487 500.
To find out the latest 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:
Monday 16th March 2020 at 09:15
£1.00 GBP = 1.1020 EURO
£1.00 GBP = 1.2347 USD
£1.00 GBP = 1.9979 AUD
£1.00 GBP = 2.0378 NZD
£1.00 GBP = 1.7123 CAD
£1.00 GBP = 20.6048 ZAR
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