The Pound continues its bullish trend.
Right now it is sitting on the cusp of 2-year highs against the Euro.
Investors are thinking that Omicron cases will peak in the UK soon.
That’s what happened in South Africa – a rapid rise followed by a rapid fall.
If things pan out that way, the pressure will be back on the Bank of England to tackle UK inflation.
In other words, investors’ are betting that interest rate rises are coming.
The first test will be early next month.
Market expectations are for 3-4 hikes this year alone, so the Bank of England needs to get a move on.
Of course if they choke (on their crumpets and jam), the Pound’s gains could easily go into reverse.
One thing’s for sure…
Nothing stays static for long in the currency markets.
With so much going on, uncertainty and volatility are here to stay.
But where there’s movement, there’s opportunities.
If you would like to speak to a member of our team, call us on 01872 487 500.
Or to find out our latest rates, click below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Tuesday 11th January 2022 at 09:30
£1.00 GBP = 1.1994 EURO
£1.00 GBP = 1.3607 USD
£1.00 GBP = 1.8931 AUD
£1.00 GBP = 2.0078 NZD
£1.00 GBP = 1.7199 CAD
£1.00 GBP = 21.1861 ZAR
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