This week, the US Dollar hit its highest against the Pound since September 2020.
The Pound has struggled against the US Dollar as the US economy looks in better shape than the UK.
What’s more, the US Federal Reserve is expected to raise rates more aggressively than the Bank of England – which will add to Dollar strength.
The Euro has been slightly stronger this week, thanks to Sunday’s French Election results.
Plus, the ECB now seem to have a greater appetite for interest rate increases.
At last, some slight positivity for the Euro!
But with so much going on globally, we expect exchange rates to remain volatile.
If you have a currency transfer in mind, it’s worth discussing your timing with one of our experts.
You can get a free exchange rate quote below or call 01872 487 500.
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Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 27th April 2022 at 11:20
£1.00 GBP = 1.1860 EURO
£1.00 GBP = 1.2581 USD
£1.00 GBP = 1.7607 AUD
£1.00 GBP = 1.9132 NZD
£1.00 GBP = 1.6157 CAD
£1.00 GBP = 19.9722 ZAR
How to Save Money on your foreign currency transfers