Brexit talks to drive the market in June

Hi everyone,
Sterling finished May well after a dreadful start and there could be more small improvements on the way.

The 'Armageddon' fears of Brexit are not being realised and this is allowing the Pound to gently rise across the board just now. Also, Italy is not out of the woods yet and any new negative comments surrounding politics will inevitably weaken the €. The winner in May was easily the $, making a huge 2-3% gains against both the € & £.

£-€ remains above the average for the year and the same level as last year, so a good time to be exchanging. Whilst £-$ is 5 cents higher than this time last year, the dramatic (unexpected) recent fall is currently 3 cents below the year average. 

A relatively quiet week on the data front this week, so not a great deal of movement is expected in the market. 
Image Image
Governing Bodies and Registrations

Excel Currencies are a fully Authorised Payment Institution with the UK Financial Conduct Authority. ( Ref: 911228) and HM Revenue & Customs (MSB No: 12190705) as a Money Services Business. Excel Currencies ltd are also members of the UK Money Transfers Association (MTA) and the Association of International Property Professionals (AIPP).

Security of Funds

Excel Currencies ltd operate a Safeguarding Client Account System which protects all funds in these accounts against any liabilities that Excel Currencies ltd may have.

Excel Currencies Ltd, Enterprise House, 8 Essex Road, Dartford, Kent DA1 2AU

Registered in England and Wales, No. 05171054

Copyright © Excel Currencies Ltd 2023. All Rights Reserved.

Help Options Available

Contact Us

Live Chat OFF Live Chat ON