The Euro has risen against the Pound to start this week.
A shrinking UK economy has fuelled a dip in the Pound.
But the risk for the Pound doesn’t end there as the highly anticipated Autumn budget is on Thursday.
This is a major event for the Pound in normal circumstances.
But this one carries more importance after the last mini-budget saw the Pound drop to an all-time low against the US Dollar.
Whilst we are not expecting that level of chaos, there is still some nervousness about how the currency markets will react.
And it’s a perfect example of just how volatile the currency markets can be.
So what next, what should you do?
If you have a currency transfer in mind, you could save money by discussing the timing with your Account Manager.
Click below to get an exchange rate quote or call 01872 487 500.
Get a free quote here
Current rates:
Tuesday 15th November 2022 at 09:30
£1.00 GBP = 1.1382 EURO
£1.00 GBP = 1.1830 USD
£1.00 GBP = 1.7536 AUD
£1.00 GBP = 1.9256 NZD
£1.00 GBP = 1.5707 CAD
How to Save Money on your foreign currency transfers