Optimism is riding high, and so is the Pound.
It appears we are getting close…
But to what?
We’ve had Brexit breakthroughs before, only to then realise the detail has been left for another day (or year).
Nevertheless, from a currency perspective, this is about avoiding a no-deal Brexit.
Against the US Dollar, the Pound has hit new highs for 2020.
Though it must be said, the move is as much about Dollar weakness as it is Pound strength.
The picture is less clear against the Euro – a choppy chart at best - although the Pound has gained some ground recently.
There’s only a few weeks to go before Britain’s transition period ends.
Expect more days of contradicting and confusing headlines driving currency fluctuations in GBP.
We’ll be keeping a keen eye on the news and market trends.
Are you prepared?
To discuss any upcoming transactions and how to manage volatility in exchange rates, speak to us 01872 487 500.
To find out our latest rates, get a quote below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Thursday 3rd November 2020 at 10:00
£1.00 GBP = 1.1065 EURO
£1.00 GBP = 1.3402 USD
£1.00 GBP = 1.8068 AUD
£1.00 GBP = 1.8990 NZD
£1.00 GBP = 1.7333 CAD
£1.00 GBP = 20.5387 ZAR
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