Moneycorp latest June FX forecast
21st June 2021
Andy Dobson, Head of Sales, Northern Corporate Foreign Exchange at moneycorp, has put together his latest FX forecasts.
The latest report show's that the majority consensus seems to be for a stronger sterling over the mid to longer term.
Having tried and failed at £/$ 1.4250 and £/€ 1.17 in recent weeks, we need to ask the question - Is there more likelihood of seeing the pound falling back to support levels around £/$ 1.37 and £/€ 1.12 versus seeing a move higher?
The vaccination programme globally is now catching up with the UK and the UK government and the delay on further relaxation of restrictions are possible reasons sterling isn’t breaking higher.
If you are uncertain about your currency flows/timings but do need to protect your business, please do not hesitate to get in touch with Andy by calling 0113 532 1011 or emailing: Andrew.Dobson@moneycorp.com.
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