A bit of good news can make all the difference…
Pound Sterling surged against all the other major currencies yesterday after the UK recorded a 6-year high in business optimism.
The knock-on effect is the Bank of England is likely to back away from any interest rate cuts – which is Pound positive.
Pound Sterling now finds itself at new highs for 2020.
It’s also a reminder that there’s more to life than Brexit.
But alas, we all know the issue of Brexit will be back in the news soon enough. And that means exchange rate volatility.
So what should You do?
If you need to buy Euros and would like to take advantage of the favourable move, consider locking-in a rate.
If you need to sell Euros at present, you need to weigh up whether you can afford for the rate to fall further.
Although the GBP/EUR rate has been higher, it’s also been a lot lower too.
Sometimes certainty is the easiest path.
Find out our latest rates of exchange below or call 01872 487 500 to speak to a currency expert.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Thursday 23rd January 2020 at 10:15
£1.00 GBP = 1.1850 EURO
£1.00 GBP = 1.3135 USD
£1.00 GBP = 1.9121 AUD
£1.00 GBP = 1.9911 NZD
£1.00 GBP = 1.7290 CAD
£1.00 GBP = 18.8411 ZAR
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- We are pleased to offer our customers favourable exchange rates on international currency transfers.
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