The Pound’s near 6-year high against the Euro
This is a fantastic opportunity for Pound sellers and Euro buyers.
The main driving force behind this move is Europe’s slow reaction to inflation.
The European Central Bank hinted that it would delay any interest rate hikes.
On the other hand, the UK and US are expected to raise interest rates quickly to combat inflation.
And Europe’s close proximity to Ukraine only adds to the Euro’s instability.
But it’s not all one-way traffic. In the UK there are signs that the economy is slowing.
So, who knows whether this bright spot for the Pound will last long?
If you have a currency transfer in mind and want to take advantage of the recent highs, get in touch.
You can get a free exchange rate quote below or call us on 01872 487 500.
Or get a quote on the current exchange rate below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 20th April 2022 at 10:55
£1.00 GBP = 1.2022 EURO
£1.00 GBP = 1.3028 USD
£1.00 GBP = 1.7529 AUD
£1.00 GBP = 1.9206 NZD
£1.00 GBP = 1.6352 CAD
£1.00 GBP = 19.5585 ZAR
How to Save Money on your foreign currency transfers