The pound recovered yesterday to its highest level for nearly three weeks, against both the euro and US dollar. The main reason appears to be the actions of the US Federal Reserve, pumping more dollars into the global financial system, rather than anything happening this side of the Atlantic.
However, the increasing likelihood that the Brexit transition period will be extended may also be strengthening sterling. With even the EU chief negotiator Michel Barnier currently down with coronavirus, EU diplomats say an end date in May or June 2021 seems more likely.
For many businesses and individuals, Brexit couldn’t be further from their minds as they struggle to deal with a total or near total closedown in business. Even with potential help from the government, cash flow will be a huge issue.
At Smart we have a simple aim at this time; to ensure that whatever problems you have, currency transactions won’t be one of them. Whether you have a business needing to move cash around the world, a homeowner abroad requiring mortgage payments, an individual transferring investment or pension income, or anything else, our team is ready to speak to you on 020 8108 5337.
We are also able to help any friends, relatives or colleagues too. Many of us have been speaking to old friends more, either digging up the old landline and telephone book, or online. If you hear of anyone with currency problems or worried about transferring money, please do refer to them to me using this link.
With very best wishes,
