The Bank of England is expected to increase interest rates today.

The obvious move would see the Pound increase in strength, particularly against the Euro.

The aim is to curb rising inflation and the cost of living.

But there’s no guarantee the Pound will strengthen, and some experts are even predicting that it could weaken.

Local elections, continuing leadership challenges to Boris Johnson and economic uncertainty are all looming.

That’s a choppy outlook for the Pound.

So if the pound does rise, it could be wise to move quickly.

The Euro is also still struggling.

It’s had some modest upticks, but they are likely to be small until there are improvements in Ukraine.

The Dollar is still holding firm as the safe-haven currency.

With so much volatility out there, it pays to talk your currency transfer through with one of our representatives.

If you have a currency transfer in mind, click below to get a free quote or call 01872 487 500.

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Thursday 5th May 2022 at 11:15

£1.00 GBP = 1.1855 EURO

£1.00 GBP = 1.2573 USD

£1.00 GBP = 1.7404 AUD

£1.00 GBP = 1.9289 NZD

£1.00 GBP = 1.6016 CAD

£1.00 GBP = 19.6082 ZAR

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