fbpx

News & Blog

Read the latest business news, blogs and thought leadership articles from our members, as well as updates on the Edinburgh Chamber of Commerce's work in the city.

News & Blog

Chamber FX Rate Alert

Posted: 8th April 2016

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 chamberfx@moneycorp.com.

chart

Get in touch for a free no obligation chat!

money

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
Read more here