Would you like to know what exchange rate I can offer? Click here.
So far this morning GBP/USD has been bouncing between $1.2420 and $1.2450 and with little economic data due out today, we could see the currency pair continue on its current path.
GBP/USD morning chart.
At one point yesterday the GBP/USD cross was down almost three per cent from Wednesday mornings week high of $1.2725, reaching a low $1.2379. Despite the pound clawing back a small amount of ground this morning, the move we have witnessed over the course of this week has made a huge amount of difference to any potential transfer.
If we look at the move in monetary terms, converting £300,000 into dollars today will see you receive around $9,000 less compared to the same trade on Wednesday morning. The move once again highlights how quickly things can change in the currency market and proves how important it is to have a specialist currency broker like myself on your side.
As well as being able to achieve you a better rate than those offered by the high-street banks or other financial institutions, I can also help you with the timing of your transfer or protect you against adverse market movements.
Are you thinking of buying or selling dollars?
If you have a requirement to buy or sell dollars in the weeks or months and want to make sure are making the most from your transfer, contact me today for a free, no-obligation currency consultation.
For more information about how I can help or to find out what rate of exchange I can offer complete the contact form by click on the link below.
