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.