Inflation moves sterling higher

This morning’s UK CPI inflation figures have given the Pound a further boost, with rates against the Euro now the best since August, if you are sending money to France, Spain, Italy or Portgual for example.

With the Bank of England’s minutes from their last meeting due out tomorrow lunch time, it may be worth looking at securing exchange rates TODAY for any foreign currency transfers, in case the Pound falls back later in the week.