Sterling under pressure as Starmer announces resignation
This morning, Prime Minister Keir Starmer announced his resignation as both prime minister and leader of the Labour Party, just two years after Labour's general election victory in July 2024.
Andy Burnham is widely expected to succeed him without a full leadership contest.
Political uncertainty of this kind moves currency markets quickly, and sterling is already feeling it.
What this could mean for you ? Read on...
Sterling is under pressure this morning and analysts expect further volatility while the leadership picture remains unclear.
A Burnham-led government is seen by markets as a potential shift toward higher public spending, which could weaken the pound further if fiscal discipline is perceived to loosen.
A slow or contested handover would add further risk to sterling. A swift, orderly transition may limit the damage.
If you have a property completion, business payment or regular transfer coming up, now is the time to review your position.
Our dealers are watching every move in the market today. We can lock in your rate, protect your transfer from further falls, and make sure your money moves at the right time.
So what next, what should you do?
If you have a transfer to make, or simply want to understand your exposure, reply to this email or give us a call on +44 (0) 1872 885 172 and we will talk you through your options.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Don’t wait. Contact us now.
Or to find out our latest rates, click below.
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Kind regards,
David Evans
Co-Founder of Cle France.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Monday 22nd June 2026 at 10:25
£1.00 GBP = 1.1545 EUR
£1.00 GBP = 1.3225 USD
£1.00 GBP = 1.8985 AUD
£1.00 GBP = 2.3080 NZD
£1.00 GBP = 1.8740 CAD
£1.00 GBP = 1.0675 CHF
-
Want to Learn More?
- We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.
-
- At Clé France / Regency FX, many of our customers have a need for currency exchange.
- We are pleased to offer our customers favourable exchange rates on international currency transfers.
- As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Regency FX.
How to Save Money on your foreign currency transfers
- Regency FX can save you money by offering more competitive rates of exchange than your bank.
- Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
- All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.
- Cle France has partnered with Regency FX, a trusted and fully safeguarded currency exchange provider, to bring you even better service and exclusive benefits when transferring money internationally.
For everything you need to know about French property visit www.clefrance.co.uk
