Blog


02/06/2020 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • June 2, 2020
  • No Comments

Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

Sterling climbed above $1.25 to its highest in a month against the dollar, as signs Britain might be willing to compromise on sticking points in a fresh round of Brexit negotiations with the European Union provided support.

Britain is expected to indicate flexibility over fisheries and trade rules if the European Union agrees to lessen its “maximalist” demands regarding regulatory alignment and fishing access, the Times newspaper reported, as a new round of talks kicks off.

Britain has until July 1 to ask for an extension to the current transition period, which ends in December.

Despite what is likely to be a period of high Brexit headline risks for UK assets in the coming weeks and months, a report that the UK may be willing to compromise in upcoming Brexit negotiations – along with broad-based US dollar weakness due to the idiosyncratic risk posed by nationwide U.S. protests – is keeping the pound underpinned against the dollar.

GBP/EUR 1.1220 GBP/USD 1.2540 GBP/AED 4.602

GBP/AUD 1.8327 GBP/CHF 1.2017 GBP/CAD 1.6940

GBP/NZD 1.9916 EUR/USD 1.1166 GBP/ZAR 21.614

Leave a Reply

Your email address will not be published. Required fields are marked *

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd’s Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Manager. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). Ebury Partners UK Ltd is registered with the Information Commissioner's Office, with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers