Pound slumping to 6 month low
We know. You’re a reseller and you don’t much care but the strength of the pound against the Euro. But it’s an issue for anything we supply from the heritage Unify portfolio thats sourced in Euros.
After months of stability Mr Trump got in and the Dollar is rampant, having a negative effect on both Euro and Sterling.
We’ll be forced to change the exchange rate we use soon if it doesn’t bounce back so our advice is this…..
If you have heritage Unify orders to place get them in sharpish to avoid an up cost.
We expect the new exchange rate could go as low as 1.14 come Feb 1st which is a 3% increase in real terms….
Our current exchange rate is (as of Jan 22, 2025)
€1 divided by 1.19 = £0.841
It could go as low as