During the first two sessions of the week, the market was focused on signposting from central bank officials and the path of interest rates moving forward. Bank of England MPC member Mann stated that their signs that inflation in the UK is becoming more embedded and persistent. Mann called for more aggressive tightening (she voted
See overseas payments in a new light
Welcome to Lumon
Making your overseas payments quick, effortless and simple.Open an account
In our digitally-driven world, we never forget the importance of the human touch.
Our people use all their experience and powerful technology platforms to build a plan around your goals.What we offer
How can we help?
Whether you're after speed and convenience or minimising risk, our experts can help plan for your adventures overseas.For personal
Expanding overseas? Importing or exporting? Get greater control of your currency costs and reduce the impact of market fluctuations.For business
Together, we can develop bespoke overseas payments strategies that build on the performance of your investments.For institutions
Let’s get started
New to Lumon, but know what you’re here for? You can set up an account right here.Open an account
Get in touch today and we can help you achieve your goal
Get more from your money
Whatever you want to achieve, here's where we can start to help make it happen.
Do you have a specific exchange rate in mind? Let us know and we can notify you when it's availableSee rate alerts
Want to know how a particular currency is doing? Take a look at the live interbank exchange rates now.Check rates
The latest global news, reporting on market conditions and currency movements. Its all here.Get reports
Stay up to date
Our regular updates help you know more about overseas payments and turn that knowledge to your advantage.All updates
Last week, we continued to see Sterling under pressure, sliding for the third consecutive week in a row. The main focus of the market was the interest rate decision, which disappointed initially only raising interest rates by 25 basis points to 1.25%. This was the fifth successive increase and the highest rate since early 2009.