Ramsdens ready for FX trading uplift with pending return of international travel

Pawnbroker and travel money specialist Ramsdens is “encouraged” by the news of international leisure travel on track to return.

The group, which has announced its pre-trading update for the six months ending March 31 2021, is hopeful that increased demand for international summer travel and news on international travel restrictions will support its return to profitability.

The news comes as the government’s Global Travel Taskforce has today outlined its plan to reopen international travel after the disruption caused by the pandemic.

Peter Kenyon, CEO of Ramsdens commented: “We are pleased with the Group’s resilient performance despite the ongoing difficult trading conditions - testament to the strengths of Ramsdens’ diversified business model.

“We are encouraged by the vaccine roll out, the expected re-opening of non-essential retail in England next week and the most recent UK government announcements on international leisure travel as ‘sticking to the road map’.

“Whilst the lack of current detail regarding certain country restrictions and quarantine conditions means we are unable to provide guidance for this summer’s FX trading, we do believe there is significant underlying consumer demand for international summer travel which is encouraging.”