Currency markets are as volatile now as they’ve been since the pandemic began.
The Pound is a perfect example, taking a huge hit last week.
This week though, it’s starting to recover.
But the uncertainty remains, and not just in the UK.
Global economies are still trying to get a grip on soaring inflation.
As interest rates go up around the world, currency markets are likely to be highly unpredictable.
Last week, the UK was seen to be doing a poor job of curbing inflation. This week the US and Europe are in the spotlight.
Ultimately, the volatility looks set to continue until global inflation is under control - it’s likely to be a bumpy road ahead.
If you’re planning a currency transfer, it could pay to discuss it with your account manager.
Call 01872 487 500 to get in touch or click below to get a free quote today.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 22nd June 2022 at 09:30
£1.00 GBP = 1.1617 EURO
£1.00 GBP = 1.2210 USD
£1.00 GBP = 1.7726 AUD
£1.00 GBP = 1.9539 NZD
£1.00 GBP = 1.5854 CAD
£1.00 GBP = 19.5294 ZAR
How to Save Money on your foreign currency transfers