Pound up, but beware the R-word
The Pound has started the week with a boost.
It’s up against both the Euro and US Dollar.
However, economists are predicting a UK recession - potentially lasting until 2024.
That’s an ominous prediction.
If the UK economy is in fact shrinking, the Pound strength we’ve seen could be short-lived.
Buyers of Euros or Dollars should keep this in mind.
All important GDP data is out on Friday.
This will tell us a lot more about the health of the UK economy.
So what next, what should you do?
If you’re looking to make a currency transfer, you could save money by discussing timing and rates with your Account Manager.
Click below to get an exchange rate quote or call 01872 487 500.
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