Pound drifting back down

28 July, 2011


After a surge last week and on Friday, the Pound today has fallen back a little giving slightly worse Euro rates and Dollar rates for those of you needing to make international payments.

However, exchange rates are still above 1.10 (€) and 1.43 ($) on international money markets, much better than just a week ago for buying Euros in particular.

Spikes in the market like this are not uncommon during these volatile times, get in touch with an expert currency broker to make sure you are aware of the day-to-day movement which can affect your payments so much.