Sterling continues to defy expectations…

Against the US Dollar, the Pound has surged to its highest level in over 1,000 days.

If it climbs another 1% it will approach 5-year highs.

The recent gains are not limited to USD.

A similar uptrend has formed against the Euro, Swiss Franc, Canadian Dollar and Japanese Yen.

We aren’t getting carried away, though.

The golden run is being attributed to Britain’s speedy vaccine roll-out.

At some point, other countries will catch up – which could see a reversal of fortune.

There is also talk that the Bank of England is getting uncomfortable with the Pound’s appreciation and may be forced to act.

What should You do?

If you have a requirement to purchase EUR or USD with GBP, please do consider locking in some of the recent gains.

Should you wish to speak with a member of the team to discuss your specific requirements, feel free to call us on 01872 487 500.

To find out our latest rates, click below.

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 24th February 2021 at 09:15

£1.00 GBP = 1.1649 EURO

£1.00 GBP = 1.4172 USD

£1.00 GBP = 1.7902 AUD

£1.00 GBP = 1.9181 NZD

£1.00 GBP = 1.7824 CAD

£1.00 GBP = 20.6938 ZAR

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