Pound surges to 3-week high

Good news for Pound Sterling, the UK may avoid a recession.

February’s PMI business survey smashed expectations.

Business confidence is now at a 7-month high for manufacturing and an 8-month high for services.

The news has triggered a clean sweep for the Pound.

The Pound has leapt to 3-weeks high against the Euro but has had similar jumps against all the Dollars (USD, AUD, CAD, NZD, SGD – need I go on).

What’s more, the UK government has found about £30 billion down the back of the sofa.

Public finances have come in much better than forecast (thank you taxpayers).

But the UK isn’t in a bubble.

If things are improving in the UK, chances are things are on the mend elsewhere too.

So what next, what should you do?

If you need to sell Pounds and buy Euros or US Dollars, you might consider taking advantage of the recent favourable move.

Often in finance it’s better to react than predict.

If you have a currency requirement, get in touch and we can help you make the most of your money.

Call us on 01872 487 500 to speak to our team.

Or click below for our latest rates.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 22nd February 2023 at 11:00

£1.00 GBP = 1.1368 EURO

£1.00 GBP = 1.2086 USD

£1.00 GBP = 1.7717 AUD

£1.00 GBP = 1.9426 NZD

£1.00 GBP = 1.6382 CAD

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