Don't leave your currency exposed during the Labour leadership race.

What happens next:..

Keir Starmer has announced he is stepping down as Labour leader. Labour now needs to choose a successor, who would become the next Prime Minister. We expect this to take approximately 6 to 8 weeks.

What happens next:

1 - Caretaker PM. Keir Starmer remains as caretaker Prime Minister throughout the leadership contest.

2 - NEC sets the rules. Labour's National Executive Committee establishes the timetable and process for the election.

3 - Nominations. Candidates must secure the required level of support from MPs to qualify.

4 - Ballot. If more than one candidate qualifies, party members vote to decide the winner.

5 - New government. The winning candidate is invited by the King to form a government, since Labour holds a majority in the Commons. No general election is required.

We expect a new leader to be in place between late July and early September, with September the most likely timeframe. A single candidate with broad support could shorten this considerably.

Key dates for your calendar:

With Starmer's departure confirmed, the process to appoint his successor now begins.

JUL 9th - Nominations open. The race to lead the Labour Party officially begins.
JUL 16th - Nominations close. If only one candidate comes forward, they become leader without a contest. If more than one candidate qualifies, a full party leadership election takes place.
SEP 1st - Deadline. Parliament returns from recess. Labour must have a new leader in place by this date.

What this means for your exchange rate:

A 6 to 8 week leadership contest is a long window to leave currency exposure unhedged. Sterling is likely to stay sensitive to political developments until a clear frontrunner emerges, and a contested race would add further pressure on the pound.

If you have a transfer coming up in the next two to three months, here's how we can help:

- Lock in your rate now, so you're protected regardless of what happens next.
- Set a target rate and we will watch the market and act the moment it's hit.
- Put a forward contract in place to fix today's rate for a transfer further down the line.

So what next, what should you do?

If you have a property completion, business payment or regular transfer coming up in the next two to three months, now is the time to talk to us. Our dealers can lock in your rate, set a target rate, or put a forward contract in place so your money is protected whatever the political picture looks like.

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.

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Saturday 4th July 2026 at 10:15

£1.00 GBP = 1.1675 EUR

£1.00 GBP = 1.3350 USD

£1.00 GBP = 1.9250 AUD

£1.00 GBP = 2.3385 NZD

£1.00 GBP = 1.8960 CAD

£1.00 GBP = 1.0720 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