The ONS has announced that 84,000 jobs were created in the three months to March, which is much higher than the expected 50,000 that was predicted.
Sterling hit 1.42 this morning, a marked difference from the start of May when GBP/USD was hovering around the 1.38 mark. The last time we saw 1.43 was over three years ago back in April 2018.
The continued easing of the UK lockdown and resumption of some international travel has also helped to push the pound higher, while at the same time markets are choppy with the threat of the Indian variant potentially blowing the full unwinding of lockdown off course.
Manage your currency costs and reduce your foreign exchange risk by calling us on +44 (0) 207 823 7800 (Business) or +44 (0) 207 589 3000 (Personal) to speak to one of our expert dealers who can offer you guidance. Alternatively to set up a payment yourself, login to your account.