Dollar hits 2-month highs against Pound & Euro
The American economy looks in good shape and inflation is falling – a nice combo.
As for the UK, there’s a lot of debate as to whether interest rates have peaked.
After the latest Monetary Policy Report Hearing there is no determined course of action for the next rate meeting and it is unsettling the Pound.
In Europe, there has been a lot of underwhelming economic news.
We would consider GBP/EUR as being range-bound at present, as opposed to having a strong underlying trend.
So what next, what should you do?
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Current rates:
Thursday 14th September 2023 at 09:45
£1.00 GBP = 1.1628 EURO
£1.00 GBP = 1.2488 USD
£1.00 GBP = 1.9413 AUD
£1.00 GBP = 2.1089 NZD
£1.00 GBP = 1.6905 CAD
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- 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.
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