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May 23

Currency Market Update - 23rd May 2024

What a week so far…

Pound to Euro hits 12-month high!

The Pound has surged higher pretty much across the board.

In the last 24 hours:

- GBP/EUR has touched 12-month highs.
- GBP/USD has hit 2-month highs.
- GBP/CAD is at 2-year highs.
- GBP/JPY is at 10-year highs.

With UK inflation coming in higher than expected, the odds of a rate cut in June have fallen to 50%.

And yesterday’s general election announcement has only added to the volatility.

Given recent moves, it looks to be a good time for buyers of the EURO, USD, CAD and JPY – to name but a few.

Note - We expect the run up to the election to cause a fair bit of volatility to the Pound as most political campaigns are run on ‘fear’.

Fear and uncertainty cause volatility.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

Make sure you get in touch so we can keep an eye out for your best market opportunities.

You can call us on 01872 487 500.

To find out our latest rates, click below.

Get a Quick Quote

  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: 

Thursday 23rd May 2024 at 09:30

£1.00 GBP = 1.1750 EURO

£1.00 GBP = 1.2735 USD

£1.00 GBP = 1.9215 AUD

£1.00 GBP = 2.0825 NZD

£1.00 GBP = 1.7420 CAD

£1.00 GBP = 1.1645 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.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, 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 Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

  • Key Currency 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.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 117
May 15

Currency Market Update - 15th May 2024

There are lots of mixed signals at the moment

UK Rate Decision Today!

It explains the erratic moves in the major currency pairs, where trends have been short-lived.

In the UK, economic growth is weak, yet we have strong wage growth.

It puts the Bank of England in a quandary.

No bother, central banks are masters of saying a lot while saying nothing at all.

Will we get a rate cut over summer?

“It’s not unreasonable to believe” is the answer.

Meanwhile, the Europeans look set to cut rates in June. “It would seem plausible” was the coded language used. That’s about as direct as it gets from a central bank.

As the for the US, the Fed are looking to “gain confidence” before they start cutting.

Bottom line, Europeans to cut rates in June, then probably the UK over the summer and the Americans later in the year.

In simple terms, relative to the Pound that would weaken the Euro and strengthen the Dollar.

But as we know there is a lot of noise beyond the headlines.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

Markets are volatile, so please do reach out to the team if you have any upcoming requirements to protect.

You can call us on 01872 487 500.

To find out our latest rates, click below.

Get a Quick Quote

  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: 

Wednesday 15th May 2024 at 11:00

£1.00 GBP = 1.1660 EURO

£1.00 GBP = 1.2520 USD

£1.00 GBP = 1.8995 AUD

£1.00 GBP = 2.0815 NZD

£1.00 GBP = 1.7205 CAD

£1.00 GBP = 1.1425 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.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, 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 Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

  • Key Currency 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.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 93
May 9

UK Rate Decision Today - Learn More...

So What Could Happen?

UK Rate Decision Today!

The Bank of England meets at lunchtime today for their latest rate decision.

The meeting is likely to have a big impact on the Pound’s direction going forward.

While no change in rate is expected, the voting pattern is the key.

Last time round, we had one member vote for a hike, eight on hold and none for a cut.

As always, the Pound will be super sensitive to any change.

We note in recent weeks that other central banks have steered the market away from expecting cuts in 2024 and back towards a “higher for longer” outlook.

A move in that direction would be Sterling positive.

If however, the committee all move to a neutral / hold stance, it’s likely to be Sterling negative.

It’s a bumper end to the week because on Friday we have the latest UK GDP.

The market expects annual growth for the UK of 0.3%. Every little helps.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you have a currency requirement, please do get in touch so we can keep an eye out for the best opportunities.

To speak to a member of our team, call 01872 487 500.

To find out our latest rates, click below

.

Get a Quick Quote

  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: 

Thursday 9th May 2024 at 10:15

£1.00 GBP = 1.1630 EURO

£1.00 GBP = 1.2475 USD

£1.00 GBP = 1.8970 AUD

£1.00 GBP = 2.0800 NZD

£1.00 GBP = 1.7130 CAD

£1.00 GBP = 1.1345 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.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, 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 Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

  • Key Currency 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.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 138
Apr 30

How You can get Ahead of the Pack

How to get ahead of the pack with your future French Property Purchase

Why Open a Currency Account so soon?

It is never too early to prepare, we are seeing some properties going 'Under Offer' within days, especially in the lower budget brackets and one way for you to be prepared [and be ahead of the pack] is to be registered and ready to make a deposit payment on the property you want to buy [other currency parings are similar is GBP to USD].

What is the Current Status?

Sterling exchange rates are outperforming against the Euro, today, GBP to EUR is over 1.17, a solid level which gives enough of a case for Pound to Euro exchange rates to push up further in the near term.

This week, we have a few important releases before the Bank Holiday weekend, EU Consumer Confidence, UK Mortgage Approvals, US Fed Interest Rate Decision and Employment Data, but will they be a shock to the market?

So how can I protect my property budget?

The first step in protecting your overseas property budget would be to register with Key Currency, it’s free and there’s no obligation to trade. By doing so you get ahead of the pack because you can move quickly when you find that house of your dreams.

Click below for a free quote from Key Currency.

Get a Quick Quote

  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: 

Tuesday 30th April 2024 at 10:00

£1.00 GBP = 1.1715 EURO

£1.00 GBP = 1.2550 USD

£1.00 GBP = 1.9210 AUD

£1.00 GBP = 2.1100 NZD

£1.00 GBP = 1.7175 CAD

£1.00 GBP = 1.1440 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.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, 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 Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

  • Key Currency 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.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 156
Apr 18

Pound jumps to 1-month high against Euro - 18.04.2024

A quick summary of what’s happening

Pound jumps to 1-month high against Euro

The Pound is having a good run against the Euro, Aussie and Kiwi, but is struggling against the US Dollar.

The US Dollar is exceptionally strong against other major currencies at the moment.

We attribute a lot of that to geopolitical fear as things are kicking off in the Middle East. It’s known as a ‘risk-off’ market.

The other key factor is that opinion on interest rates is changing rapidly.

The reason is inflation is proving to be sticky.

Today’s UK inflation reading is a case in point. Once against, inflation has come in above expectations.

Core inflation is still sitting above 4% - more than double the Bank of England’s 2% target.

Hard to see any rate cuts happening without a big drop in inflation.

The US Fed has come to the same sort of conclusion, pushing back expectations of cuts until later this year.

The Europeans are less clear but you would think they are largely in the same boat.

Moreover, there’s a fair bit of volatility in exchange rates right now.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you have a currency requirement, best to get in touch to discuss current exchange rates, market strategies and upcoming events.

Get in touch so we can help you take advantage of any favourable moves.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click below.

Get a Quick Quote

  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: 

Thursday 18th April 2024 at 15:00

£1.00 GBP = 1.1705 EURO

£1.00 GBP = 1.2455 USD

£1.00 GBP = 1.9355 AUD

£1.00 GBP = 2.1050 NZD

£1.00 GBP = 1.7040 CAD

£1.00 GBP = 1.1340 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.
  • Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

    Brexit Guide Download

  • Need to Send Money Abroad?

    • At Clé France / Key Currency, 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 Key Currency.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

  • Key Currency 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.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 151

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