Chamber FX Rate Alert
The British pound has continued its downward path against a resurgent euro.
Sterling/Euro is currently trading at a 17 month low. The continued uncertainty around Brexit and the expected UK interest rate hike which didn’t materialise in Q1 are factors which are fuelling this. We’re also testing technical levels which are likely to lead to a break out in the rates.
This is crucial if you are exporting and being paid in Euros as it is the best it’s been in nearly a year and a half.
If you have any current requirements or want to discuss how you can secure this rate for your future requirements please contact your local chamber or email Moneycorp email@example.com.
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