Market sentiment has recently improved for Pound Sterling.
Yesterday GBP hit a 3-week high against the US Dollar and was hovering near a 3-week high against the Euro.
The buoyant mood is largely due to hopes of a post-Brexit trade deal with the EU.
Boris Johnson continues to play hardball.
It might just work.
Most analysts seem to think the pressure of a deadline will forge a compromise before time runs out.
If expectations are already optimistic, it actually tilts the risk-reward for GBP to the downside.
We’ve come to expect a political decision (or even rumour) can change the course of exchange rates very quickly.
How can we help you?
If you have a currency requirement, it may be useful to have a conversation with our trading department to discuss technical levels.
You can call us on 01872 487 500.
To protect your upcoming transactions against the risks of sudden market movements, you may consider securing a fixed exchange rate.
Want to know our latest exchange rates? Just 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:
Thursday 8th October 2020 at 12:30
£1.00 GBP = 1.0984 EURO
£1.00 GBP = 1.2910 USD
£1.00 GBP = 1.8041 AUD
£1.00 GBP = 1.9611 NZD
£1.00 GBP = 1.7095 CAD
£1.00 GBP = 21.4376 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.
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