The Pound has strengthened further to huge 6-year highs against the Euro.
The conflict in Ukraine is still the main news story.
And the repercussions are affecting global currency markets.
The US Dollar has become a safe haven currency, at least for now.
So, despite highs against the Euro, the Pound has still nosedived against the US Dollar.
Investors are desperately hunting for safety and certainty.
Adding further uneasiness, the prices of commodities like oil and gas are soaring.
To counteract this, and high inflation generally, we could soon see interest rates increases.
This will have serious knock-on effects for exchange rates.
Nobody quite knows how far these extremes will go.
Guidance and support on your currency exchange could be crucial now.
We can help guide you through the current instability.
If you’re looking to make a transfer in the coming days or weeks, please get in touch.
Give us a call on 01872 487 500 to discuss the best time to make your currency exchange.
Or get an up-to-date 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 9th March 2022 at 10:10
£1.00 GBP = 1.1992 EURO
£1.00 GBP = 1.3166 USD
£1.00 GBP = 1.7966 AUD
£1.00 GBP = 1.9231 NZD
£1.00 GBP = 1.6886 CAD
£1.00 GBP = 19.9738 ZAR
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