The pound is well up today, almost 1% ahead of the euro and more than 1% against all of the various dollars.
With the pound so strong, this would be a good opportunity to signal to any friends, relatives or colleagues who make currency transactions personally or in their business, that Smart can help them, and that they can lock in today’s exceptional rate for the year ahead. Should they make a trade with us we’ll give you £25 for a private client referral and £50 for a business as a thank you. You can do that here.
Other good news: we’re hearing this morning that the UK is about to open to more unquarantined international travel, even if you’ve been vaccinated outside the UK (the current sticking point) as the government seeks to maintain its vaccine advantage.
And the third piece of good news, new Covid-19 cases continue to fall, against all expectations.
Set aside all that, even Australia overtaking GB in the Olympics medal table – temporarily I’m sure – is fine, really.
Our new quarterly forecasts are now out, you can download it here, including not just The City’s predictions for major currencies, but also our own analysis of the trends and influences for the next three months and year ahead.
Just don’t rely on it! It may seem odd to denigrate our own fortune-telling powers, but no-one can tell you with any real confidence where the pound, euro or dollar will be next year, month or even next week.
Much better to lock in your rate with a forward contract and focus on your own plans. Talk to your trader on 020 8003 4915 to do that.
