Christopher Nye
on October 31st, 2022 After shooting up against the euro at lunchtime on Friday, the pound maintains those gains into this week. Sterling also starts the week stronger than the dollar compared to this time last Monday.
Later this week markets will see whether sterling maintains its gains as the Bank of England will decide on its latest interest rate this Thursday. It is forecast to raise to 3% and if it does, this will be the 8th consecutive rate hike, pushing borrowing costs to the highest in 14 years.
Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.
Secure, quick and efficient transfers. Authorised by the FCA.
Avoid losing money and protect against currencies moving against you.
Dedicated currency trader working with you to get the best value for your money.
Recommend our services to your friends, family or colleagues and earn great rewards.
