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Tom Vicary

📍 London

GBP/EUR exchange rate week review: pound recovers from five-day low against euro

(19/02/2024 to 23/02/2024) The GBP/EUR exchange rate crept above 1.17 on Monday, managing to shrug off heightening Bank of England (BoE) interest rate cut bets and UK economic lethargy – a sanguine mood that was soon eroded by a lack of fresh economic data releases.

How using a forward contract can protect your money

Hope isn't stategy when managing your exposure to currency risk. Be proactive by locking in a current rate for future payments using a forward contract.

Should I try and predict currency market movements?

Exchange rates are inherently unpredictable. So, don't try and second guess the markets by relying on potentially inaccurate forecasts.

Inside the currency markets: 5 factors that influence exchange rates

Understand the variables that influence exchange rates so you can make informed decisions when making international payments.