BPS Exchange Rate – Confirmed

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 2^nd December 2019. Funds are made directly into bank accounts by BACS transfer and the window for payments closes 30^th June 2020.