Blog

Holding Euros? Convert to Sterling Today!

April 7, 2016 7:09 pm Published by

We have seen the Euro gain strength against the GBP over the last three months.

European unemployment figures released on Monday were far better than anticipated which saw the single currency spike and remain on a steady increase against both the GBP and USD.

If you are holding Euros and have a currency conversion requirement in the next 12 months, you can secure today’s exchange rate by booking a Forward Contract. This means if the market moves against you,  your rate is already secured so you will not have to pay any more for your currency.

eurgbp0704

USD News

We have seen the GBP/USD rate struggle since last year and experts predict this could be the case for the rest of this year. New Employment Data was also released last Friday which will cause the USD to become even stronger. If you are holding USD, now would be a great time to convert to GBP with such a good rate of exchange!

usggbp0704

Categorised in:

This post was written by Kayleigh Driscoll

Comments are closed here.