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Pound hits 20-month highs

Inflation seems to be on everyone’s lips at the moment.

Only yesterday, Twitter CEO Jack Dorsey predicted “hyperinflation” was on the way.

And the Bank of England recently confirmed it will “have to act” on inflation.

How does that effect currencies?

Well, exchange rates are very sensitive to interest rate changes.

Since the 1990s, we have had very little movement in interest rates. It’s almost become a ‘forgotten risk’.

But with the Bank of England dropping hints about rate rises, it’s giving the Pound a lift. Higher interest rates lift a currencies value.

Against the Euro, the Pound is sitting near 20-month highs.

Against the US Dollar, the Pound has also made gains in the last few weeks, but the overall trend is less clear as the US Federal Reserve is also talking about inflationary risks ahead.

If recent movements in Pound Sterling have been working in your favour, or you need to discuss target rates to aim for, do reach out to our team to discuss how we can help.

As always, we are keeping a close eye on things as they develop and can alert you to the best opportunities as they arise.

To find out our latest rates, click below.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 27th October 2021 at 09:50

£1.00 GBP = 1.1841 EURO

£1.00 GBP = 1.3731 USD

£1.00 GBP = 1.8326 AUD

£1.00 GBP = 1.9240 NZD

£1.00 GBP = 1.7051 CAD

£1.00 GBP = 20.5820 ZAR

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