Holding Euros? Convert to Sterling Today!April 7, 2016 7:09 pm
We have seen the Euro gain strength against the GBP over the last three months.
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.
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!
Categorised in: News
This post was written by Kayleigh Driscoll