The Pound has once again today fallen by over 1% compared to yesterday’s trading session as confidence is really falling in the UK.
The US Dollar has strengthened to its best level to buy Pounds since 1985 and the strength of the US Dollar has helped to keep the AUD strong against the Pound.
In the UK Mark Carney’s Financial Stability Report included a statement tat ‘the current outlook for UK financial stability is challenging.’ The Bank of England has also asked 8 of the major banks to make sure they provide extra capital for lending to both households and businesses.
If you’re contemplating sending funds to the UK from Australia then this is the best time to do so since November 2013.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]
I look forward to hearing from you.