Mark Carney helps sterling to rise, will it last?

Will Pound to Euro Rates Gain in September?

Mark Carney and the Bank of England have raised UK growth forecasts helping sterling to gain against a number of currencies.  At the same time they have underlined interest rates will be on hold for a long period of time which limits just how much higher we can expect sterling to rise in the coming weeks and months.

Jonathan Watson
Jonathan Watson

If you have a sterling transfer to consider in the coming weeks and months making some plans now at these levels may be a sensible move. 

In other news the new Federal Reserve Chairmen Janet Yellen underlined Quantitative Easing in the US is likely to continue until there are significant improvements in the jobs market. And overnight Chinese economic data was much stronger than expected presenting what I believe is a very good opportunity for anyone selling Australian dollars or South African Rand to buy GBP.

I am available to assist in the planning and execution of any international money transfers you need to make (including bringing funds back to the UK or Europe). Unfortunately no one can tell you exactly what will happen on exchange rates but having won awards for our service and rates, we are extremely well placed to offer expertise in managing your currency exposure.

For a breakdown of strategies and options on your particular exchange please call me Jonathan in UK office hours on 01494 787 478 or if you prefer email a quick outline of your position to jmw@currencies.co.uk