Home » Currency Note » Currency Note » Sterling and euro benefit from dollar’s weakness

Sterling and euro are both benefitting from the weakness of the US dollar today, with the latter weakening on the prospect of monetary easing policies. The pound is showing an upward tick this morning against the euro, but it is still low due to pressure from worries over the Conservative leadership selection. Boris Johnson is still the firm favourite, and is still publicly favouring no-deal over an extension – although he did say yesterday that he didn’t ‘believe for a moment’ that it would come to pass.

The Federal Reserve’s suggestion that it might cut rates before the end of the year has caused the dollar to weaken, and a lack of optimism over the results of Donald Trump’s meeting with Xi Jinping later this week are also weighing on the markets.

If you’re making an international purchase or transfer, you don’t need to put your plans on hold because of this volatility. Find out about locking in a fixed exchange rate with a forward contract today – call your Personal Trader on 020 7898 0541.

Find out how we can help you

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 and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.