30/06/2020 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • June 30, 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 retreated against a broadly firmer dollar, as investors awaited confirmation of the government’s spending plans to lift an economy that posted its biggest contraction in 40 years in early-2020.

The pound is already under pressure from fears that Britain will fail to clinch a trade deal with the European Union by the end-2020 deadline. Today is the last day it can request an extension to the transition period, but it has refused to do so.

Meanwhile Britain’s economy shrank by the most since 1979 in the first 2020 quarter as households slashed their spending, according to official data that included the first few days of the novel coronavirus lockdown.

Gross domestic product dropped by a quarterly 2.2%, below the 2% median forecast in a Reuters poll of economists. In the first six months of the year. Britain’s economy may have contracted by 20%, the Bank of England has warned.

The currency has fallen more than 7% so far this year against the dollar.

Britain has imposed a stringent lockdown on the English city of Leicester following a local flare-up of the novel coronavirus.

In Leicester, in the eastern Midlands of England, the seven-day infection rate was 135 cases per 100,000 people, three times higher than the next highest city.

Leicester accounted for 10% of all positive cases in England in the past week, the government said.

GBP/EUR 1.0930 GBP/USD 1.2254 GBP/AED 4.4993

GBP/AUD 1.7923 GBP/CHF 1.1656 GBP/CAD 1.6786

GBP/NZD 1.9177 EUR/USD 1.1199 GBP/ZAR 21.186

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Your email address will not be published.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 Foreign Currency Exchange Services are provided by Currency Cloud Limited and Equals Connect Limited. Currency Cloud Limited. Registered in England 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. FCA registration number: 900199. 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. | Terms and Conditions | Privacy Statement | Careers