Exchange rates are volatile and can move considerably on a daily basis. Setting up FX Alerts will help you decide the best time to make a foreign exchange transaction. These daily alerts can notify you either when an interbank exchange rate makes a significant UP or DOWN move or when a rate reaches a HIGH or LOW for periods from 14 to 90 days.
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Rate Fetched: Tue Nov 12 2019 11:45:03 GMT+0000 (UTC)
Sterling has climbed more than 5 per cent in October since Boris Johnson announced a new Brexit agreement with Brussels that has reduced the possibility of the UK crashing out of the EU without a deal. Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. Currency strategists predict that gains in the pound would remain limited for now while parties prepared their election campaigns.
The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.
Earlier in the year the pound was the worst-performing major currency by some margin. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.
Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.
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