Buckle in - Interest Rate cuts are coming
The first quarter of the year has passed already.
As we head into Q2, it’s all about interest rate cuts.
Who will be the first to act?
Futures markets indicate the US and EU will see their first rate cut in June. In the UK, expectations suggest a cut some time over the summer.
Rate cuts can have a big impact on exchange rates, so buckle in.
At the moment, Pound to Euro is in a bit of a holding pattern.
There looks to be opportunities for buyers and sellers right now, so it’s worth keeping a close eye on the daily swings.
The uptrend in Pound to Dollar seems to have stalled.
Again, I suspect investors are awaiting news on rate cuts.
So what next, what should you do?
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
If you have a currency requirement, best to get in touch to discuss current exchange rates, market strategies and upcoming events.
You can speak to a member of our team on 01872 487 500.
To find out our latest rates, click below.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
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Current rates:
Thursday 4th April 2024 at 11:30
£1.00 GBP = 1.1665 EURO
£1.00 GBP = 1.2660 USD
£1.00 GBP = 1.9360 AUD
£1.00 GBP = 2.0955 NZD
£1.00 GBP = 1.7095 CAD
£1.00 GBP = 1.1475 CHF
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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