Sterling is slightly benefiting so far from the quieting down in the markets as the end of the year approaches.
Volumes and data are lower than usual so there isn’t really any news out there driving the Pounds value, and Sterling appears to be benefiting from this as Brexit related news is out of the news.
It’s been a relatively quiet 2nd half of the year for the Pound this year, especially compared to the price movements between GBP exchange rates last year. It’s not unusual to see a currency spike quite dramatically when it breaks out of a long term trend, so if you would like to be notified should this happen, do feel free to register your interest with me as working on a dealing floor means we’re in a position to react should there be a sudden change.
As we enter the next year I expect to see GBP exchange rates continue to be driven by Brexit related news, especially now that the 2nd round of Brexit negotiations will be begin. These are expected to be harder than the previous talks, so i would expect to see some price movement next year depending on how the Brexit negotiations pan out.
If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on email@example.com and I will endeavour to get back to you as soon as I can.