Pound launches to new highs against a range of currencies!

• Interest rate launches Pound to new highs against a range of currencies.

The Bank of England has kept interest rates unchanged, an unexpected move that launched the Pound to new highs against a range of currencies, including a 3.5 year high against the Australian Dollar.

The currency market was expecting either a cut or the hint of a cut later in the year, but the probability of this happening in 2020 has now dipped to just 17%.

Now could be a good time to consider your next money transfer.

/XE Money Transfer