The Pound is trending downwards as investors are fearing a UK recession.
It’s still just speculation for now, but the Pound is certainly under pressure.
The Euro and US Dollar are both in strong positions after being aggressive against high inflation.
Right now could be a good opportunity for Euro and US Dollar sellers.
The Governor of the Bank of England’s speech later today could offer hope for the Pound.
He’ll aim to get a grip on inflation and avoid a recession.
However, walking that line will not be easy.
It remains a volatile time in currency markets and it could be tricky to find the best time to make your international transfer.
Get in touch with your account representative who can discuss your transfer with you.
Click below for a free quote today or call 01872 487 500.
Wednesday 29th June 2022 at 09:45
£1.00 GBP = 1.1589 EURO
£1.00 GBP = 1.2184 USD
£1.00 GBP = 1.7714 AUD
£1.00 GBP = 1.9579 NZD
£1.00 GBP = 1.5683 CAD
£1.00 GBP = 19.6650 ZAR
How to Save Money on your foreign currency transfers