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TWF Daily Currency Update: 20/03/2020

Discussion in 'Money, Accounts & Finance' started by Currencies Direct, Mar 20, 2020.

Do you sell internationally?

  1. Yes

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  2. No

    0 vote(s)
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  1. Currencies Direct

    Currencies Direct

    Joined:
    Feb 6, 2020
    Messages:
    57
    EXCLUSIVE OFFER FOR TWF: Create an account with Currencies Direct and receive a £30 Amazon voucher when you trade +£5000 before June 30th! https://www.currenciesdirect.com/twf

    TWF Daily Currency Update: 20/03/2020
    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)
    After plummeting earlier in the week the pound staged a rebound before the weekend in response to the Bank of England’s decision to cut interest rates (again) and implement additional quantitative easing.

    GBP/EUR – Jumped to 1.10
    GBP/USD – Back up to 1.17

    Euro (EUR)
    Concerns for the Eurozone’s economic outlook weakened the euro yesterday, sending the common currency lower against the US dollar.

    EUR/GBP – Trading at 0.91
    EUR/USD – Trending around 1.07

    US dollar (USD)
    While the US dollar remains supported by safe-haven demand, a concerning US employment report capped USD gains slightly yesterday.

    USD/GBP – Holding 0.84
    USD/EUR – Up to 0.92


    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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