BPS payments should be received at values similar to last years, as the rate of 2019 BPS payments has been confirmed at €1 = £0.89092.
This is set by the European Central Bank exchange rates during the month of September and it is very similar to 2018s exchange rate, which was at €1 = £0.89281.
Bearing in mind the levels of current industry uncertainty this is a favourable rate. We now just hope payments are received in a timely fashion.
Payments should be expected from when the window opens, this is Monday the 2nd December 2019. Funds are made directly into bank accounts by BACS transfer and the window for payments closes 30th June 2020.