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23/09/2020 – This Morning’s Exchange Rates

September 23, 2020

Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

Sterling hovered near two-month lows as British Prime Minister Boris Johnson unveiled long-lasting restrictions to tackle a second wave of the coronavirus.

New measures, which included extending the use of face coverings, curfews on pubs, bars and restaurants and larger fines for rule-breakers, could be in place for six months, Johnson warned.

Service is a very important component of the UK industry and leisure and hospitality is the services sector and restrictions will mean less revenues and more pain.

The British government is attempting to pass a bill through Parliament that would allow it to break its Withdrawal Agreement with the European Union.

EU chief negotiator Michel Barnier is expected to visit London today as part of continuing informal talks on Britain’s exit from the bloc.

“If we get good news from Barnier in the next couple of days, then we could go back up to $1.30 but investors don’t really know which way to turn until there is a bit more clarity.

GBP/EUR 1.0849 GBP/USD 1.2684 GBP/AED 4.6503

GBP/AUD 1.7820 GBP/CHF 1.1671 GBP/CAD 1.6913

GBP/NZD 1.9240 EUR/USD 1.1680 GBP/ZAR 21.420

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