Wednesday, 30 December 2015

Wednesday, 30 December 2015

THE LAST CURRENCY REPORT FOR 2015: The Pound continues to slide

With Christmas now behind us, we find ourselves in the annual lull before the New Year festivities. Despite the majority of the world enjoying an extended period of rest, the currency markets are still active. With global trade volume significantly reduced, it is during these times that we have often witness heightened volatility.

Just yesterday we saw GBP/EUR rates fluctuate by a cent, hitting a peak of 1.36, and a trough of 1.3498 at the mid-market. With sterling having struggled throughout the morning, only to recover most of the ground lost in the afternoon.

With best wishes for the New Year to all of our customers, from the Allez-Français team. We look forward to seeing you in 2016 – the year to make it happen……….

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