Exchange Rate Improvement
28 July, 2011
The Pound is up today on the back of a successful government auction of gilts (UK debt).
Confidence in the UK has been fragile in recent weeks, but this morning investors returned to buy UK assets and as a result the Pound has seen a boost.
That means if you are buying currency to send abroad, there’s a spike in exchange rates which is obviously good news.
There are further announcements due this week which could weigh heavy on the Pound, so get in touch with a currency broker to make sure you do not miss out on any opportunities in the market.
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