Why is it a good time to get foreign currency out? High interest rates helps make the pound stronger, as the Bank of England explains. However, on Wednesday, the Office for National Statistics (ONS) unveiled its new inflation rate for the 12 months up to June was 7.9% – much lower than expected, and down from 8.7% for May. As the Resolution Foundation explained: “Inflation looking more normal means that interest rate expectations are normalising – and the pound is falling back accordingly. ”That’s why it’s worth getting out your foreign currency, stat, during this brief window.

Source: Huffington Post July 19, 2023 13:53 UTC