28/03/2017 – This Morning’s Currency Rates

  • Posted by currencies in Rate Alerts
  • March 28, 2017
  • No Comments

Please see this mornings indication rates at the bottom of this article.

Sterling traded within a tight range today, outperforming other major peers against the dollar, apparently disregarding Britain’s looming formal launch of negotiations on leaving the European Union.

British Prime Minister Theresa May will trigger Article 50 of the EU constitution with a formal notification of Britain’s intent to leave the bloc tomorrow, kicking off a two-year period of exit talks.

Most analysts say the triggering of Article 50 will only have symbolic significance for investors, with the real driver for sterling being the EU’s response and the health of the British economy going forward.

“What many market participants may be underestimating is how difficult the negotiations would be … because the pound has been doing quite well recently and hasn’t been under pressure much since we got this news (date for Article 50 trigger).

Stronger than expected UK inflation and signs the Bank of England was edging towards raising interest rates have helped the pound over the past two weeks.

But uncertainty surrounding the terms of Britain’s exit from the EU continues to weigh on the currency, still down by nearly 20 percent since last June’s Brexit vote.

Will the pound really devalue tomorrow when we trigger? Analysts are split on this. Yes, it means for certain we are leaving; however, everyone knows this already so it is not shocking news.

Since Brexit these markets really do have a mind of their own, Sterling had gained when it has been expected to fall and vice versa, tomorrow really is 50/50 on how the market reacts.

For more info and live prices give us a call or drop us an email and we can discuss your requirements in more detail.


GBP/EUR 1.1572
GBP/USD 1.2575
GBP/AED 4.6189
GBP/AUD 1.6523
GBP/CAD 1.6841
GBP/CHF 1.2382
GBP/NZD 1.7896
EUR/USD 1.0852
GBP/ZAR 16.169

We can purchase over 130 currency pairs. Please call for a live quote as above rates are for indication only.

Leave a Reply

Your email address will not be published.

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 Payment and for clients based in the United Kingdom and rest of the world, payment services for Currencies4you are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).For clients based in the European Economic Area, payment services for Currencies4you are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701). For clients based in the United States, payment services for Currencies4you are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011. Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Payment services for Currencies 4 You Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. Currencies 4 you's payment and foreign currency exchange services are provided by Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP. | Terms and Conditions | Privacy Statement | Careers