Vaccine and Brexit Expectations Give a Boost to the Pound
The British Pound is this week’s best performing major currency. The rise has been aided by two future major events that are hugely impacting exchange rates at the moment.
One is the news of a COVID -19 vaccine developed by the University of Oxford and AstraZeneca providing good results in phase three trials.
The news of the vaccine has delivered a sense of optimism through global markets. The progress on a cure for COVID has also supported the pound as it opens up the possibilities of travelling, reducing social distancing and then therefore, boosting important service-driven sectors in the UK.
However, as it has been previously, the increased value of the pound is driven mainly by news surrounding BREXIT. The expectation is that we might see an agreement as early as this week which could push the pound to the next level.
For those needing to make payments in Euros, the question is, how far could the pound go? When is the best time to exchange my funds?
Exchange rate movements occur quickly and can last for seconds. So in order to improve your chances of taking advantage of a rate movement, it is imperative to be aware of this and get ready.
Opening an account with a foreign exchange specialist like moneycorp will give you access to free expert guidance and currency tools to monitor the market considering your circumstances, from your budget, to your deadlines and your attitude to risk. Furthermore, opening an account doesn’t involve any cost or obligation.
With a Platinum Trusted Service Award 2020 from independent review site Feefo and 40 years of experience in the industry, FrenchEntree has been recommending moneycorp for more than 15 years. During this time they have helped thousands of client planning the best way to pay for their property as well as supporting them afterwards with any further payment from paying bills, mortgages to repatriating UK pension payments for those who have retired to France.
Furthermore, we have worked with the same person at moneycorp for more than a decade! You might be familiar with her as she often writes for our FrenchEntree magazine. She has 13 years’ experience in foreign exchange, and is a qualified European lawyer with experience in European transactions. Mar will be happy to answer any questions or enquiries to support you through these difficult times
Opening an account is really easy and free of cost. You can register online or over the phone in a couple of minutes and for FrenchEntree there are no transfer fees in any payment.
Open a free account today by clicking here.
Contact moneycorp at 020 3773 6355 or send your enquires here.
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