Pound Sterling has enjoyed a mini-recovery in the last few days.
Hopes that something will happen to stop a no-deal Brexit has sent GBP up.
But the currency will come back down if it's realised those hopes are unfounded.
It’s been widely reported that Labour is plotting a vote of no-confidence to bring down Johnson's government.
The question is what will happen first: a general election or Brexit?
We note bookmakers believe the chances are far higher for a general election!
That’s an interesting development.
If an election is in fact imminent then Pound Sterling is in for some volatile times in the weeks and months ahead.
If you have a currency requirement then it’s important to stay alert to risks and opportunities.
As part of our personalised service, we can monitor the market and help you exchange on the back of strength not weakness.
To discuss your requirements, please call us on 01872 487 500.
Or to find out current rates, click on the link below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Tuesday 20th August 2019 at 11:20
£1.00 GBP = 1.0910 EURO
£1.00 GBP = 1.2089 USD
£1.00 GBP = 1.7839 AUD
£1.00 GBP = 1.8866 NZD
£1.00 GBP = 1.6109 CAD
£1.00 GBP = 18.5904 ZAR
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