The Pound has regained momentum in March.
GBP/USD Hits 30-Day High as UK Budget Loomed into Reality
After quite a choppy and downward end to February, the Pound has regained momentum in March.
Since February 29th, the Pound vs Dollar trajectory has continually risen.
The GBP/USD rate has seen a +0.54% gain over the past 5 days and is at the highest it’s been over the last 30 days.
Against the Euro, the Pound has had a bit more of a contest with only a +0.18% gain over the last week.
Elsewhere, GBP/CAD has continued to see a significant upward trend.
So much so, that the Pound to Canadian Dollar rate was at its highest since August 2023.
The CAD has fought back a little over the last 24 hours.
These strong movements for the Pound may yet be tested further though, as the UK budget was announced by Jeremy Hunt yesterday.
Political events, such as budgets, can play a major part in the Pound's fortunes.
However, we don’t see anything too groundbreaking or disastrous in this one.
It’ll certainly be an interesting few days once the dust starts to settle and we will be sure to let you know how the Pound reacts in next week’s update!
So what next, what should you do?
If you want to continue to discuss the latest trends and currency news, our team is only a call away on 01872 487 500.
To see our latest competitive exchange rates, click below.
Click below for a free quote from Key Currency.
Current rates:
Thursday 7th March 2024 at 09:50
£1.00 GBP = 1.1701 EURO
£1.00 GBP = 1.2745 USD
£1.00 GBP = 1.9325 AUD
£1.00 GBP = 2.0710 NZD
£1.00 GBP = 1.7220 CAD
Contact Key Currency over the phone or visit their website.
0044 (0) 1872 487 500
Quote 'World Property Network' for the best rate
www.keycurrency.co.uk
Need to Send Money Abroad?
At World Property Network, many of our customers have a need for currency exchange.
We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.
Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.
As a World Property Network client, you qualify for preferential exchange rates when you transact through Key Currency.
Save money on your foreign currency transfers
Key Currency can save you money by offering you competitive rates.
All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.
World Property Network are there to help you find the best selection of French property for sale and Key Currency are there to save you time, money and hassle; making sure your money is in the right place, at the right time and keeping you informed along the way.
The best service is one that comes highly recommended, that is why you should use the services of Key Currency.
Benefits of using Key Currency:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Alternatively, you can contact Key Currency over the phone or visit their website.
0044 (0) 1872 487 500
Quote 'World Property Network' for the best rate
www.keycurrency.co.uk
UK Office: St. Piran House, Truro Technology Park, Truro TR1 2XN
For your dream home and everything that goes with it visit www.world-property-network.com
