The pound reached a one-year high against the euro yesterday and is still trading at multi-month highs against the euro and the dollar this morning.
The UK’s vaccination programme, reduced expectations of negative interest rates and hopes of economic recovery are fuelling the pound’s strength.
As ever, the currency markets are unpredictable and it’s impossible to know how long this strength will last. Act now to take advantage of the strong pound and make sure any upcoming transactions are protected against the risks of sudden market movements.
Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
