The Pound has risen to a fresh 6-month high against the US Dollar.

But this is mainly due to Dollar weakness rather than Pound strength.

For so long the US Dollar has been trending upwards.

What goes up etc…

Next week’s Fed interest rate decision is pivotal, not just for the US.

Often, the Bank of England and ECB follow the Fed’s lead for interest rate decisions.

In the UK, the pressures are growing on the economy.

Businesses are wary of the looming recession, and the housing market is beginning to slow.

How long can the Pound’s gains on the Dollar continue?

With so much speculation, it’s looking like it’ll be a volatile couple of weeks for the currency markets.

So what next, what should you do?

If you have a currency transfer in mind, it could pay to get some guidance on the timing.

Click below to get a free exchange rate quote or call 01872 487 500.

Get a free quote here

Current rates: 

Tuesday 6th December 2022 at 11:00

£1.00 GBP = 1.1601 EURO

£1.00 GBP = 1.2174 USD

£1.00 GBP = 1.8120 AUD

£1.00 GBP = 1.9245 NZD

£1.00 GBP = 1.6591 CAD

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How to Save Money on your foreign currency transfers

• Key Currency can save you money by offering more competitive rates of exchange than your bank.
• Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
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