How times have changed.
People are now encouraged to wear a mask into a bank!
August is up and running, and so is the Pound.
Against the US Dollar, the Pound is sitting at a 21-week high – which puts it back up to pre-Coronavirus levels.
The trend has been less clear against the Euro; however the Pound has enjoyed a mini-rally recently, with the GBP/EUR rate at 3-week highs.
There is some tepid optimism in the air.
Two-thirds of British businesses say they are now “fully operational”, which is up from half in June, according to a CBI survey.
But the risks of a second lockdown, a weak economy and stagnant Brexit negotiations make the outlook highly uncertain for Sterling.
If you would like to chat through your specific requirements, please get in touch with a member of the trading team on 01872 487 500.
They can discuss a strategy with you to take advantage of moves in your favour while minimising downside risk against any adverse market moves.
If you would like 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:
Tuesday 4th August 2020 at 11:50
£1.00 GBP = 1.1075 EURO
£1.00 GBP = 1.3044 USD
£1.00 GBP = 1.8268 AUD
£1.00 GBP = 1.9736 NZD
£1.00 GBP = 1.7465 CAD
£1.00 GBP = 20.6984 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
