While the Pound started 2021 with a bang, the upward momentum has fizzled of late.
Against both the Euro and Dollar, the Pound has tumbled from it’s near-term peaks.
The Euros recent resilience has come as a surprise too many investors, given that Europe seems to be facing a third wave of coronavirus cases.
Despite seeing falls in Pound Sterling last week, it’s not all one-way traffic.
Even in the absence of economic news, you still see daily fluctuations driven by technical trading.
That can cause erratic movements with no obvious explanation.
The point is exchange rates never move in a straight line.
There are always opportunities for buyers and sellers over different time horizons.
It pays to keep in touch, so we can work together on the best approach for your currency conversions.
If an opportunity arises where the exchange rate moves favourably for you, then we can reach out to make the most of the movement.
You can call us on 01872 487 500 to speak to one of our team.
Or to find out our latest rates, click on the link below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 28th April 2021 at 10:15
£1.00 GBP = 1.1502 EURO
£1.00 GBP = 1.3886 USD
£1.00 GBP = 1.7928 AUD
£1.00 GBP = 1.9347 NZD
£1.00 GBP = 1.7221 CAD
£1.00 GBP = 19.9471 ZAR
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