After a patchy start to 2020, Pound Sterling put in a strong performance last week.
The Pound now sits just below highs for the year against the Euro.
This momentum may be at risk in the week ahead.
On Thursday, all eyes will be on the Bank of England rate decision.
Futures markets are pricing in over a 60% chance of a rate cut.
If they go ahead and cut, the Pound could go into reverse.
What Next?
It’s now only days until Brexit.
While the legal formality is priced in, there’s a lot of uncertainty around what will happen in the coming weeks and months, and is likely to trigger much volatility in Sterling.
If you’re making a transaction soon, or are worried about future rates, please do call us 01872 487 500 to get further guidance.
To find out the latest exchange rates, simply 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:
Wednesday 29th January 2020 at 07:15
£1.00 GBP = 1.1820 EURO
£1.00 GBP = 1.3015 USD
£1.00 GBP = 1.9236 AUD
£1.00 GBP = 1.9922 NZD
£1.00 GBP = 1.7136 CAD
£1.00 GBP = 18.9324 ZAR
Need to Send Money Abroad?
- At Clé France / Key Currency, many of our customers have a need for currency exchange.
- We are pleased to offer our customers favourable exchange rates on international currency transfers.
- As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.
How to Save Money on your foreign currency transfers
