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Nov 15

Currency Market News - Pound Collapses on Brexit Chaos

The PM’s much-awaited Brexit plan is in turmoil:

The pound has plunged today against both the Euro and the Dollar.

After more resignations from her Cabinet, Theresa May’s is losing her grip on power.

It is rumoured Conservative backbenchers may be about to force a vote of no-confidence in her.

Looking ahead, volatility in the Pound is likely to intensify as the political storm unfolds.

In fact, a leading analyst has forecast that the Pound could fall by a further 4% from here.

If you have GBP exposure, doing nothing in times like this is speculation.

If you would like to mitigate your risk and secure a rate of exchange before further news is released, please get in touch today.

Click for a Quick Quote

Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Thursday 15th November 2018 at 13:00

£1.00 GBP = 1.1297 EURO

£1.00 GBP = 1.2775 USD

£1.00 GBP = 1.7588 AUD

£1.00 GBP = 1.8764 NZD

£1.00 GBP = 1.6895 CAD

£1.00 GBP = 18.2056 ZAR

Cle France Currency Guide link

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.

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.
  • Download our "Buying A Property in France" Guide PDF document.
  • Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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

Add CommentViews: 13
Nov 7

Sterling Hits 5 Month High

Just a Quick Heads-Up For You…

Yesterday the Pound spiked against the Euro to its highest level in 5 months.

In fact, since the beginning of September alone you are 4% better off.

On a £100,000 transfer, that’s a gain of £4,000.

Of course, given the volatile nature of currency markets, the situation may change quickly.

At present, the Pound continues to be held hostage by Brexit. We live in highly uncertain times.

If you are looking to buy Euros with Sterling, you might want to take advantage of recent movement and secure a favourable rate of exchange.

Get a Quote today here

Kind regards, 
David Evans 
Co-Founder of Cle France.

You can also download our Buyers Guide to Currency Exchange here

Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 7th November 2018 at 10:35

£1.00 GBP = 1.1451 EURO

£1.00 GBP = 1.3161 USD

£1.00 GBP = 1.8068 AUD

£1.00 GBP = 1.9408 NZD

£1.00 GBP = 1.7210 CAD

£1.00 GBP = 18.3539 ZAR

Cle France Currency Guide link

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.

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.
  • Download our "Buying A Property in France" Guide PDF document.
  • Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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

Add CommentViews: 30
Nov 5

Currency Market News - Sterling Rises on Rumours

Today's Currency Market Focus Includes:

GBP: Sterling rises on rumours
EUR: Coming unstuck? 
USD: Chinese whispers

Click for a Quick Quote

GBP: Sterling rises on rumours

According to the Sunday Times, Theresa May has come up with a new plan to break the Brexit deadlock and allow the UK to remain within the EU customs union.

The government has officially claimed the report is simply “speculation”.

Any deal with Brussels would need to win approval from the British Parliament – a difficult task as politicians on both sides remain deeply divided.

With a light calendar this week, the Pound will be highly susceptible to Brexit rumours and speculation.

EUR: Coming unstuck?

It’s only 2 months before the European Central Bank is meant to begin winding down its bond-buying programme – a remnant from the financial crisis.

But traders are starting to wonder whether this is actually going to happen. The EU has lost economic momentum and there is growing friction with Italy over its proposed budget.

Speaking of Italy, the war of words continues. Over the weekend, European Commission President Jean-Claude Juncker threatened the Italians saying “For the first time someone is saying the (EU budget) rules are of no interest to us. That will have consequences”. The longer this drags on, the more it will damage the Euro.

USD: Chinese whispers

The Dollar has been seesawing on rumours surrounding a new China-US trade deal.

The usual Trump-style negotiations are taking place – a combination of opportunities and threats (the old carrot and stick). The President said a lot of progress has been made so far but also got one of his spokespeople to warn he would “pull the trigger" on additional tariffs on China, depending of course on how talks go.

Meanwhile the US is focused on mid-term elections, so this week is all about politics not economics.

Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Monday 5th November 2018 at 11:25

£1.00 GBP = 1.1440 EURO

£1.00 GBP = 1.3023 USD

£1.00 GBP = 1.8098 AUD

£1.00 GBP = 1.9561 NZD

£1.00 GBP = 1.7064 CAD

£1.00 GBP = 18.7234 ZAR

Cle France Currency Guide link

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.

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.
  • Download our "Buying A Property in France" Guide PDF document.
  • Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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

Add CommentViews: 94
Oct 29

Currency Market News - Will the Budget help sick Sterling?

Today's Currency Market Focus Includes:

GBP: Budget this afternoon
EUR: Italy looking lonely 
USD: Strong for good reason

Click for a Quick Quote

GBP: Budget this afternoon

The Pound is struggling under the dark clouds of Brexit. Last week it ended near 2-month lows against the Dollar and 3-week lows against the Euro.

The latest rumours are that Theresa May has put talks with the EU on hold as she can’t get her own cabinet to agree on what they want! It’s a sorry situation.

This afternoon we have the Budget. It’s the government’s chance to put a positive spin on the UK’s outlook, although the Chancellor had to admit over the weekend that a new budget would be needed if a Brexit deal can’t be reached.

On Thursday this week we have the monthly Bank of England (BoE) rate meeting alongside the latest Inflation Report. The BoE has struck a more cautious tone lately as fears mount that a no-deal Brexit is a serious possibility.

EUR: Italy looking lonely

The Italians continue to cause a stir in the Euro-zone. Their big-spending draft budget has gone down like a lead balloon.

Now EU leaders want to sit down and discuss it at their next meeting, despite requests from Italy to postpone the talks. The friction is not helping sentiment towards the Euro.

USD: Strong for good reason

The Dollar ended last week on strong footing.

With global stock markets still shaky, it is adding to the appeal of safe-haven currencies like the Dollar.

In addition, the US economy delivered better than expected GDP numbers on Friday, which also gave the Dollar an extra boost.

This week there will be plenty to digest including Consumer Confidence on Tuesday and Non-Farms Payrolls on Friday.

Key Currency

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact our trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Monday 29th October 2018 at 13:15

£1.00 GBP = 1.1266 EURO

£1.00 GBP = 1.2817 USD

£1.00 GBP = 1.8091 AUD

£1.00 GBP = 1.9602 NZD

£1.00 GBP = 1.6801 CAD

£1.00 GBP = 18.5580 ZAR

Cle France Properties

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document.

Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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

Add CommentViews: 81
Oct 19

Currency Market News - Hopes dashed, Pound smashed

Today's Currency Market Focus Includes:

GBP: Hopes dashed, Pound smashed
EUR: What the XXXX is Italy up to? 
USD: Fear strikes, Dollar spikes

Click for a Quick Quote

GBP: Hopes dashed, Pound smashed

Things really unravelled this week. The moment we’ve all been waiting for came and went. After countless rumours of an imminent Brexit deal it seems we are still at a stalemate with the EU over the Irish border.

So much so that the European leaders have even cancelled next month’s summit due to a lack of progress – there’s nothing to talk about.

On the domestic front, the Pound also retreated following soft readings for UK inflation and retail spending.

Just goes to show how quickly things can change in the foreign exchange markets.

EUR: What the XXXX is Italy up to?

We are used to Italy changing governments and forming complicated coalitions. But it hasn’t tended to cause problems for the rest of the EU…until now.

The current Italian government has proposed a ‘free-spending’ budget that is in serious breach of EU rules. Despite receiving a barrage of criticism, they are showing no signs of backing down.

This is causing disharmony in the EU and undermining the credibility of the Euro.

USD: Fear strikes, Dollar spikes

With stock markets suffering another big fall yesterday, risk aversion saw investors taking cover in the safety of the Dollar.

Exacerbating the move was the fact that the Pound and the Euro were having a bad day at the office for the reasons mentioned above.

Investors are still betting that more rate rises are coming in the US, so the appeal of the Dollar remains intact.

Key Currency

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact our trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Friday 19th October 2018 at 09:30

£1.00 GBP = 1.1389 EURO

£1.00 GBP = 1.3034 USD

£1.00 GBP = 1.8334 AUD

£1.00 GBP = 1.9840 NZD

£1.00 GBP = 1.7019 CAD

£1.00 GBP = 18.7656 ZAR

Cle France Properties

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document.

Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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

Add CommentViews: 71

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