GBP, EUR, USD Outlook and Market Trends
I would imagine more eyes were on Raheem Sterling than Pound Sterling yesterday.
As a quick update, the current market trends remain in place.
Against the Euro, the Pound has been largely trading in a range.
In such conditions, it can make it easier to execute good timing as there are clear parameters to work with.
Against the US Dollar, the Pound continues to look fragile.
This is mainly due to broad Dollar strength rather than a shift against Sterling.
Looking further out, while Sterling has lost some of its lustre from ‘vaccine disparity’, there is now scope for Central Bank disparity.
The Bank of England is likely to tighten monetary policy well before the European Central Bank (ECB). The ECB’s slow-bordering-on-sloth approach is expected to weigh on the Euro over the medium term.
The US Dollar has had a rough start to the year, but we suspect that is a by-product of greater global risk appetite.
Recent moves in currency, bond and commodity prices suggest some of the fizz is coming out of the markets, which will benefit the safe-haven Dollar.
If you would like to discuss your specific requirements with a member of the Key Currency team please call 01872 487 500.
Or click below to find out our latest rates.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 30th June 2021 at 10:00
£1.00 GBP = 1.1639 EURO
£1.00 GBP = 1.3836 USD
£1.00 GBP = 1.8451 AUD
£1.00 GBP = 1.9826 NZD
£1.00 GBP = 1.7186 CAD
£1.00 GBP = 19.8368 ZAR
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