Firstly, a very happy New Year from everyone at WorldFirst. We are now back to normal operating hours and will be on hand to assist with your currency needs.
With the clock turning midnight on Friday last week, a prolonged period of British history finally drew to a close. After 4 and a half years since the Brexit referendum in 2016, the UK officially left the European Union at the turn of midnight. With the news, Sterling has continued to rally against the US dollar, currently sitting just shy of 1.37 at the time of writing. Against the euro, there has not been such a momentous gain, with the pair currently sitting just below the 1.1150 mark.
Attention will now turn to how effective the rollout will be of the Covid vaccines within the UK. This morning, the first dose of the Oxford-AstraZeneca jab was administered outside of the trials and was given to an 82-year-old Oxford resident, with half a million ready for use today. With schools due to reopen today, amid increasing cases being recorded, there are calls for classes to be pushed online and schools temporarily closed. With cases rising following the relaxing of the Christmas rules, some scientists are calling for even tighter restrictions to be brought in. Further restrictions could lead to a weakening pound, with more uncertainty in the short term
Have a great day and week ahead.
Jack Nicholls, Relationship Manager.
Whilst every effort is made to ensure the information published here is accurate, you should confirm the latest exchange rates with WorldFirst prior to making a decision. The information published is general in nature only and does not consider your personal objectives, financial situation or particular needs. Full disclaimer available here.
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