Pound surges on ugly UK inflation

Yes indeed - bad news can be Good News, for currencies anyway.

This morning the UK inflation rate has held above 10%.

While not great for the economy, it has given the Pound a big boost.

In recent times, currencies have been underpinned by expectations of more interest rate increases.

That trend continues.

You would have to say the overall trend in GBP/USD is positive and GBP/EUR is choppy with a negative bias.

Put simply, the Pound looks to be doing well against the US Dollar but is struggling against the Euro.

Those looking to buy Euros or US Dollars with their Pounds...

You may wish to take advantage of the bounce in the Pound today.

So what next, what should you do?

If you have upcoming requirements, please get in touch so we can discuss target rates and market trends.

To speak to a member of our team, call us on 01872 487 500.

Or to find out the latest exchange rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
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Current rates: 

Wednesday 19th April 2023 at 12:45

£1.00 GBP = 1.1353 EURO

£1.00 GBP = 1.2398 USD

£1.00 GBP = 1.8503 AUD

£1.00 GBP = 2.0060 NZD

£1.00 GBP = 1.6675 CAD

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