Around last year’s Autumn Budget, the pound fell to some of its weakest levels against the euro in recent years. With this year’s on 28 October, Lumon’s currency specialists unpack how it could impact the cost of your international transfer, and practical ways to plan your transfer.
Watch on demand as Lumon’s Jonathan Watson and Matthew McClure explain why Budget announcements can bring currency volatility, what this year’s could mean for the pound, and to understand how this could impact you if you have a transfer coming up.
If you’re planning to move money overseas in the coming months, even a small shift can change what you receive. Contact Lumon on +44 (0)204 506 5672 for a free, no-obligation conversation.
This publication is provided for general information purposes only and does not constitute financial, legal, tax or other professional advice from Lumon, nor is it intended as a substitute for obtaining advice from appropriately qualified professional advisers. Foreign exchange services provided by Lumon are offered on an execution-only basis. Lumon makes no representations, warranties or guarantees, whether express or implied, as to the accuracy, completeness or timeliness of the content of this publication.
Foreign exchange transactions involve risk. Currency movements and market volatility may affect costs, cash flow and financial outcomes. Lumon Pay Ltd, trading as Lumon, is authorised by the Financial Conduct Authority as an Electronic Money Institution (FRN: 902022). Lumon FX Europe Limited, trading as Lumon, is regulated by the Central Bank of Ireland (Reg No: 631617).
