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Currencies Direct - Daily Currency Update

Discussion in 'Money, Accounts & Finance' started by Currencies Direct, Mar 12, 2020.

Do you sell internationally?

  1. Yes

    1 vote(s)
    100.0%
  2. No

    0 vote(s)
    0.0%
  1. Currencies Direct

    Currencies Direct

    Joined:
    Feb 6, 2020
    Messages:
    57
    TWF Daily Currency Update: 12/03/2020

    EXCLUSIVE OFFER FOR TWF: Create an account with Currencies Direct and receive a £30 Amazon voucher when you trade £5000 or more! -
    https://www.currenciesdirect.com/twf

    Today’s e-commerce exchange rate update

    For online sellers paying suppliers in foreign currencies, or converting international revenue, exchange rate movements can have a significant impact on profitability – from increasing the cost of invoices to reducing the return on your payments.

    Stay on top of the latest rate movements in minutes with our daily rate alert.

    Pound Sterling (GBP)

    The pound has fallen today as investors brace themselves for the UK’s response to the escalation of the Coronavirus crisis.

    GBP/EUR – Down to 1.13

    GBP/USD – Slips back to 1.27

    Euro (EUR)

    The euro is fluctuating ahead of the European Central Bank’s (ECB) upcoming interest rate decision. The euro could slide if the central bank cuts the bank deposit rate to 0.1% as expected.

    EUR/GBP – Advanced to 0.88

    EUR/USD – Dips to 1.12

    US dollar (USD)

    The US dollar broadly strengthened following President Donald Trump’s decision to ban European travel, and the currency has extended gains today.

    USD/GBP – Trading at 0.78

    USD/EUR – Moves up to 0.89

    At Currencies Direct we’ve helped more than 325,000 customers save time and money on their currency transfers since 1996.

    If you’d like to find out more about the latest rate movements and how they could impact your international payments, contact our expert team or get a quote now.

    Call: 0207 847 9269 Email: (Email Hidden for Privacy)

    *All rates quoted are interbank. Please get in touch with us for a live trading rate.
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