It’s been a couple of wild weeks for the Pound.
It crashed and recovered in the space of two weeks.
But the pressure’s still on the Pound.
Despite the Government’s tax U-turn, other cuts and more borrowing are on the cards.
The new Chancellor’s economic plan is due out before the end of this month – which provides near-term risk for the Pound. What will he do next?
For the Euro, fresh attacks in Ukraine don’t bode well.
No global situation has more uncertainty than the conflict in Ukraine, and it’s the Euro that takes the brunt.
The US Dollar continues to thrive as a safe-haven away from all the instability.
So what next, what should you do?
The current uncertainty is driving volatility in exchange rates.
Of course, volatility can present risks and opportunities to our clients.
If you have a currency transfer in mind, speak to your Account Manager who can help you navigate the market.
Get a free exchange rate quote below or call 01872 487 500.
Current rates:
Tuesday 11th October 2022 at 10:00
£1.00 GBP = 1.1374 EURO
£1.00 GBP = 1.1047 USD
£1.00 GBP = 1.7610 AUD
£1.00 GBP = 1.9828 NZD
£1.00 GBP = 1.5277 CAD
How to Save Money on your foreign currency transfers