Weekly market headlines:
If you’re planning to move abroad, buy a property overseas, or transfer your pension, this week could be a good time to check the exchange rate.
There are two big announcements coming up
- Wednesday – The US Federal Reserve bank meets:
Even if they don’t change interest rates, what they say could move the US dollar. Lately, the dollar has been weakening, which is good news if you’re sending money to the US. For example, the difference from the high to low during the last 5 weeks is around $4,000 on a £100,000 transfer.* - Thursday – The Bank of England shares its latest outlook:
They’re not expected to change UK interest rates, but any updates on the economy could still affect the pound. This matters if you’re sending money to Europe or anywhere abroad.
Why this matters?
When you’re moving money for retirement, a property purchase, or overseas living costs, even small changes in the exchange rate can make a big difference.
That’s why we’re here, to help you plan ahead and get the most out of your money. Whether you want to lock in a rate, wait for a better one, or just understand your options, we’ll guide you every step of the way.
If you’re planning a transfer this week, whether it’s a property payment, investment, or sending money to family speak to a Lumon currency specialist today. Call +44 (0)204 506 5672 to explore your options.
