Sterling’s nice little run has continued into this week.
As expected, Coronavirus and Brexit dominate the headlines.
While the vaccine progress is great news, the more pressing issue for the Pound is Brexit.
London and Brussels resume their negotiations this week.
Most investors believe a last-minute deal will get done.
It’s an interesting dilemma for the Pound.
A tilt to the upside is the most likely outcome.
But if investors are wrong (and it wouldn’t be the first time), then a “no deal Brexit” would send the Pound crashing down.
For buyers of Euros
- You are in a much better position than just a few weeks ago.
For sellers of Euros
- You can still take advantage of historically good rates.
What should You do?
In these pressure cooker situations, you have to decide between certainty and speculation (a fancy way of saying now or later).
As always, we will work with you to optimise your position.
If you would like to discuss your requirements, you can speak to us on 01872 487 500.
To find out our latest rates, request a quote below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 25th November 2020 at 09:45
£1.00 GBP = 1.1212 EURO
£1.00 GBP = 1.3336 USD
£1.00 GBP = 1.8162 AUD
£1.00 GBP = 1.9132 NZD
£1.00 GBP = 1.7353 CAD
£1.00 GBP = 20.2925 ZAR
How to Save Money on your foreign currency transfers