Potential US Military Action Helps the Pound and Euro Make Gains

Tuesday came with some good news for the Pound as the currency made some good gains. The market mood took an upturn and this helped to boost its performance according to the Foreign Exchange rates. However, Brexit negotiations are still weighing heavily on the performance of the Pound while the recovery of the economy during the Covid-19 pandemic is still playing a part in its performance. Yesterday, the Pound finished the day at 1.1230 against the Euro and 1.2549 against the US Dollar.

Weakness in the US Dollar forced the Euro upwards yesterday while there was more hope of better fortunes for the economy as it begins to slowly reopen. This could mean that investors might be looking to make international payments once again as the chances of recovery are looking much improved.

The US Dollar slipped backwards through yesterday which is no surprise given the riots and civil unrest that is causing many problems for the country and its economy. With military action on the horizon, it is likely that any US Dollar investors are going to consider moving their investment elsewhere. However, today could see even more pressure placed on the US Dollar exchange rates.

Click here to view live market rates

NewbridgeFX:
Products

NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients. A lot of these products are ways for businesses, and individuals, to manage and mitigate currency risk, and are used frequently during times of increased volatility. Alongside up to date foreign exchange related market news, which works in tandem with our range of products. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

Forward Contract

Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.

Market Order

We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.

Rate Alerts

Set an alert for phone or email notification when an exchange rate has be achieved to take advantage at the best time.

NewbridgeFX
CONTACT
close slider

Contact NewbridgeFX

Please use the form below to contact NewbridgeFX and a member of the team will be in touch shortly