A poor economic outlook for the UK has seen the Pound stumble recently.
With all the troubles in the world, investors are gravitating towards safe-haven currencies.
This has led to the Dollar reaching an 18-month high against the Pound.
Inflation is still a red-hot topic.
In the US it’s growing at the fastest rate for over 40 years. The UK isn’t far behind, with inflation hitting 30-year highs.
The general feeling is that global central banks are late in acting to curb inflation.
But the US Fed is being the most aggressive in its efforts – more positivity for the Dollar.
Overall, the Pound is in second place to the Dollar, but still clearly ahead of the slumping Euro.
French elections have helped the Euro rise ever so slightly.
But more sanctions on Russia are brewing, which is ultimately likely to drag it back to reality.
Uncertainty continues to make exchange rates volatile.
If you have a currency transfer in mind, it’s worth discussing it with your account manager.
Their support could be crucial and potentially save you thousands.
Give us a call on 01872 487 500.
Or get a quote on the current exchange rate below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 13th April 2022 at 09:55
£1.00 GBP = 1.2006 EURO
£1.00 GBP = 1.3007 USD
£1.00 GBP = 1.7505 AUD
£1.00 GBP = 1.9150 NZD
£1.00 GBP = 1.6443 CAD
£1.00 GBP = 18.7925 ZAR
How to Save Money on your foreign currency transfers