The pound is low as worries of a hard or even no-deal Brexit resurface. The likelihood of the Implementation Bill passing through Parliament in June is slim, while the likelihood of an increased gain for Eurosceptics in the European elections next week seems more and more probable.
The same uncertainty is also keeping the euro low, so there is a lot of volatility across the board. The dollar is stronger thanks to a bounce in treasury yields and good economic data.
You can completely protect your money from this risk for any international transfers – simply use a forward contract to lock in your exchange for up to a year. Speak to your Personal Trader on 020 7898 0541 to find out more.