Good news in a graph:
GBP & EUR
The slow vaccination roll-out overseas appears to have contributed to the sliding EUR rate with industrial volumes of EUR exchange touching 1.15 this morning. Higher levels are possible if our continued vaccination efforts continue at the same rate above.
Continued exellent news if you’re a buyer of USD; 3 year highs!
GBPS gains rely of a combination of:
- Fading Brexit anxieties
- Fast vaccination rollout (as above)
- Fading expectations of an interest rate cut
On target for 1.40? We think so.
Please do also get in contact if you are a USD and EUR seller, there are ways we can help.
Have a smashing day.