The Pound continues its downward spiral …
With the new PM pushing the UK towards a no-deal Brexit, the economic risks are mounting.
Analysts are predicting that the Pound could suffer another major slide.
In fact, over the last few days Investec, Danske Bank and ICAP have all stated that in the event of a hard exit, the Pound could reach parity with the Euro.
Over the coming months, where the Pound will land is anyone’s guess.
Even the bookmakers can’t decide what the most likely outcome is from here with similar odds for another extension, a general election or a no-deal Brexit!!!
If you have a foreign exchange requirement, doing nothing does not alleviate your currency risk.
Rates can always move higher or lower but it’s a question of whether you can afford further adverse movements.
To discuss your situation, call us on 01872 487 500 to speak to a currency specialist.
Or to find out current exchange rates, please click on the link below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Tuesday 6th August 2019 at 10:45
£1.00 GBP = 1.0883 EURO
£1.00 GBP = 1.2191 USD
£1.00 GBP = 1.7957 AUD
£1.00 GBP = 1.8626 NZD
£1.00 GBP = 1.6095 CAD
£1.00 GBP = 18.0848 ZAR
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