What happened in August, and how did the currency markets move over the course of the month?
The UK was encouraged to ‘eat out to help out’, changes to the list of summer holiday destinations that require quarantine kept the country on its toes, and the Bank of England kept interest rates unchanged. August delivered a packed month of ups and downs for the economy, and while sterling hit a new 2020 high against the US dollar, it didn’t yield similar highs against the euro.
Other developments covered in our monthly currency roundup webinar include:
• Stronger than expected economic rebounds in the UK following lockdown • Pressure on the US dollar from the pandemic, tensions with China and the upcoming presidential election • Little progress in Brexit negotiations as the deadline nears
Get the info you need on the international payments market
Sign up for daily market updates
With highlights of key market movements, our daily email is a must-read for those who wish to be informed about the latest foreign exchange market movements.
None of the information contained in this website constitutes, nor should be construed as financial advice. Indicative rates are displayed on our website. We use interbank rates as a reference, and these rates should only be used as a guide.
Moneycorp is a trading name of TTT Moneycorp Limited, a company registered in England under registration number 738837. Its registered office address is at Floor 5, Zig Zag Building, 70 Victoria Street, London SW1E 6SQ and it is VAT registration number is 897 3934 54. TTT Moneycorp Limited is authorised by the Financial Conduct Authority under the Payment Service Regulation 2017 (firm reference number 308919) for the provision of payment services.
Moneycorp FRM is a trading name of Moneycorp Financial Risk Management Limited which is authorised and regulated by the Financial Conduct Authority for the provision of designated investment business (firm reference number 452443).
Travel money services are provided by Moneycorp CFX Limited. Moneycorp CFX limited is a company registered in England under registration number 4780562. It is registered office address is at Floor 5, Zig Zag Building , 70 Victoria Street, London, SW1E 6SQ and its VAT registration number is 897 393454.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Explorer™️ Card is issued by Prepay Technologies Ltd (PPS), with its registered office at Floor 6, 3 Sheldon Square, London W2 6HY UK. PPS is authorised and regulated by the UK Financial Conduct Authority for the issuance of e-money with firm reference number 900010.