Pound continues down

28 July, 2011


The Pound has continued to lose ground today, as the lack of data in the UK following on from last week’s disappointing announcement from the Bank of England left traders with little reason to buy GBP.

Don’t forget that you can fix and guarantee an exchange rate up to 2 years in advance by using a Forward Contract with Currency Index. There is a small deposit to pay once a rate has been agreed, providing peace of mind that your currency requirement is then fixed in sterling instead of fluctuating day by day at the behest of international markets.

Please contact Currency Index if you would like to discuss your options.