The Pound continues to rise against the US Dollar.
GBP/USD has now gained over 14% since the March bottom and is a touch below 5-month highs.
Against the Euro, the picture is less clear.
Britain and the EU are back at loggerheads over Brexit.
A new round of trade talks will begin today.
Some progress would be a welcome change.
We see Brexit as a key driver for the Pound, particularly over the coming months.
The timetable of negotiations finishes in October – just over 2 months away.
There will no doubt be moments of hope and despair as the deadline approaches.
However, fluctuations in currency markets can work both for and against you.
It’s all about staying alert to opportunities and being prepared to act when a favourable rate is in front of you.
If you have an upcoming currency requirement, please get in touch on 01872 487 500, so we can discuss a plan to turn events to your advantage.
To find out current exchange rates, please 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 19th August 2020 at 06:30
£1.00 GBP = 1.1100 EURO
£1.00 GBP = 1.3248 USD
£1.00 GBP = 1.8276 AUD
£1.00 GBP = 2.0023 NZD
£1.00 GBP = 1.7431 CAD
£1.00 GBP = 22.9576 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
