Blog


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

  • Posted by currencies in Rate Alerts
  • February 6, 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.

Boris Johnson is expected to reshuffle his Cabinet next Thursday or Friday in a move that could have a major impact on the upcoming UK-EU post Brexit negotiations.

This could be important for Sterling trades, who need to weigh up carefully whether the new ministers are likely to take a hard line or a softer line in the talks.

Sterling continued to suffer this morning as concerns about negotiations between Britain and the European Union for a post-Brexit trade deal rattled investors, while the dollar continued to strengthen.

The pound took a big drop yesterday, which some analysts said was due to a media report that indicated that the EU would look to re-write a major set of European financial regulations known as Mifid II.

The dollar surged across the board after better-than-expected employment data underlined the relative strength of the U.S. economy.

GBP/EUR 1.1777 GBP/USD 1.2964 GBP/AED 4.7542

GBP/AUD 1.9218 GBP/CHF 1.2624 GBP/CAD 1.7220

GBP/NZD 2.0024 EUR/USD 1.0994 GBP/ZAR 19.135

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Your email address will not be published.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