Pound Rate Cut to Just 1.5 Percent
Rates cut to all time low by Bank of England.
Rates dropped today by 0.5 percent to 1.5 percent, the lowest in the Bank’s 315-year history.
The Bank has had to balance the immediate interests of the UK economy against the potential wider economic fall-out with the distinct possibility of the currency rise of the Pound yesterday against the Dollar and the Euro, being instantly wiped out.
This could have an immediate effect on the recent strength of the Pound. If you have Pounds to sell, it may be worth contacting our currency dealers now.
Keep a close eye on the currency fluctuations with our LIVE CURRENCY RATES CONVERTER . If you are considering changing money over the next few days, you may wish to consider using some currency tools such as a “stop loss order” or maybe buying your money in advance of when you need it at a point when the rate is best for you. This is called a “Forward Currency Contract”. Read more on types of currency transaction here, or just call us and we will gladly explain how we can help you.
- We trade commercial amounts of currency, at commercial rates.
- We don’t charge for transfers in excess of a monetary value equivalent to £5,000
- We don’t charge commission
- We DO give you an individual executive dealer to talk to
From outside the UK: 0044 (0)1480 458400
