Pound flirts with new 5-month high

Pound flirts with new 5-month high

Andy Dyer Andy Dyer

Andy Dyer

Co-Founder and Director at Regency FX | Expertise in Financial Markets

发布日期: 2020年8月18日
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The Pound continues to rise against the US Dollar.

GBP/USD has now gained over 14% since the March bottom and is a touch below 5-month highs.

Against the Euro, the picture is less clear.

Britain and the EU are back at loggerheads over Brexit.

A new round of trade talks will begin today.

Some progress would be a welcome change.

We see Brexit as a key driver for the Pound, particularly over the coming months.

The timetable of negotiations finishes in October – just over 2 months away.

There will no doubt be moments of hope and despair as the deadline approaches.

However, fluctuations in currency markets can work both for and against you.

It’s all about staying alert to opportunities and being prepared to act when a favourable rate is in front of you.

If you have an upcoming currency requirement, please get in touch on 01872 487 500, so we can discuss a plan to turn events to your advantage.

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