Dec31
Currency News – Sterling exchange rates fall a cent in the build up to New Years
By Alex Ellis
Sterling exchange rates fell a cent yesterday as the market reels in the build up to New Years. In the new year we will see VAT rise to 20% as well as further budget cuts and austerity measures being introduced. If you have an upcoming currency exchange then there is the possibility that GBP/EUR exchange rates will fall further following this.
We have seen recently investors move away from those currencies currently seen as riskier and into those historically seen as safer havens – an example of this is the recent strength seen for the US dollar. At present the pound is still seen as a risky currency as the economy is still not growing rapidly.
Archived in: British Pound, Euro, US Dollar








