Will the Pound Pop or Drop?

Only 6 weeks to go until Brexit Day… and we’re still going nowhere fast.

Brussels watches on as the UK argues, debates and fights itself over and over again.

Given all the fear of a no-deal Brexit you might expect the Pound to be getting battered.

But the sheer lack of progress has also opened the possibility of an extension or even a second referendum – both of which are Pound positive.

So despite the pressure-cooker situation, GBP is holding up for now.

Don’t be fooled by the lack of volatility though.

There’s a lot at stake here. It’s just that the outcome is so up in the air, so the Pound doesn’t know whether to pop or drop… yet.

As we’ve been saying for a while, a lot of UK businesses have been preparing for the events that lie ahead by locking-in exchange rates today. And you can too.

For expert guidance or to find out the latest exchange rates, please get in touch on 01872 487 500 or request a free quote below.

Click here for a Free quote.

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then 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 15th February 2019 at 11:00

£1.00 GBP = 1.1366 EURO

£1.00 GBP = 1.2818 USD

£1.00 GBP = 1.8050 AUD

£1.00 GBP = 1.8728 NZD

£1.00 GBP = 1.7031 CAD

£1.00 GBP = 18.0485 ZAR

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

  .

  If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

  

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

With Spring just around the corner, you may be considering buying a property abroad.

While the media is focused on Brexit, for property buyers the situation is, thankfully, far less complicated.

That’s because your rights to own a property abroad are not affected at all by Brexit.

In fact, the latest data shows that British buyers still represent the largest group of foreign nationals investing in Spanish and French real estate.

Buyers aren’t putting their plans on hold; they’re just getting on with enjoying their lives.

In terms of currency markets, the Pound remains sensitive to Brexit news.

So if you’re planning to buy this year you may wish to “Brexit-proof” your Sterling budget with a Forward Contract.

It’s just one of the options we can offer you.

For expert guidance or to find out the latest exchange rates, please get in touch on 01872 487 500 or request a free quote below.

Click here for a Free quote.

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then 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: 

Wednesday 13th February 2019 at 10:45

£1.00 GBP = 1.1389 EURO

£1.00 GBP = 1.2888 USD

£1.00 GBP = 1.8115 AUD

£1.00 GBP = 1.8900 NZD

£1.00 GBP = 1.7057 CAD

£1.00 GBP = 17.8386 ZAR

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

  .

  If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

  

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

Another Nail-Biting Week Ahead!

The Pound is set for another nail-biting week as we await further Brexit news…

On a positive front, the UK and Switzerland have signed a “Mind the Gap” deal on Sunday to keep trading as normal post Brexit.

And the press is reporting that Labour may be willing to compromise and strike a deal with the Tories, which could mean the PM doesn’t have to renegotiate with the EU.

While there are hopes of a compromise, not everyone is in good spirits.

The Confederation of British Industry yesterday said Brexit is an “unfolding nightmare” as major trade partners like Japan and South Korea were reluctant to sign deals with the UK until they knew what the future holds.

While time pressure may yield a last-minute result, we still see an extension of the Brexit deadline as the most likely outcome. After all, kicking the can down the road is what politicians do best.

Over the coming weeks and months, it’s inevitable that the Pound will be volatile given the importance of this historical event.

So where does that leave you?

You have a choice to make...

1. You can be passive -

You simply accept whatever happens next to the value of your money.

2. You can be proactive -

You can talk to us to take advantage of any currency moves in your favour.

If you would like to discuss your personal situation, please get in touch on 01872 487 500 so that we can assist you with your timing and plans.

Click here for a Free quote.

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then 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 11th February 2019 at 10:20

£1.00 GBP = 1.1418 EURO

£1.00 GBP = 1.2908 USD

£1.00 GBP = 1.8222 AUD

£1.00 GBP = 1.9120 NZD

£1.00 GBP = 1.7140 CAD

£1.00 GBP = 17.6603 ZAR

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

  .

  If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

  

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

Yesterday saw the Bank of England slash growth estimates for the UK economy to the lowest in a decade.

While Sterling initially plunged, it recovered strongly on hopes that there may be some progress on Brexit in the coming days.

It clearly shows that Brexit, not the economy, is driving Pound Sterling.

At present, Sterling remains trapped on a Brexit rollercoaster.

The EU keeps reiterating they are unwilling to re-open negotiations. Nevertheless, talks (and hopes) continue.

It’s worth remembering, the EU also has a lot to loose should no deal be agreed. With growing fears the Eurozone could be headed for recession, the timing could not be worse.

As we’ve said many times, the outcome of all this is impossible to predict – and so is the impact on currency markets.

But that doesn’t mean you can’t do anything about it.

British businesses are now being very active in protecting their budgets, and you can too.

For example, while your right to buy a property abroad won’t change under Brexit – your budget could be at risk.

Or if you could like to know current exchange rates, please request a quote below.

Click here for a Free quote.

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then 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 8th February 2019 at 09:45

£1.00 GBP = 1.1416 EURO

£1.00 GBP = 1.2929 USD

£1.00 GBP = 1.8266 AUD

£1.00 GBP = 1.9158 NZD

£1.00 GBP = 1.7218 CAD

£1.00 GBP = 17.6341 ZAR

One way to protect yourself from any adverse movements or indeed, capitalise on any sharp positive movements is through the use of 'automatic limit orders', a bit like setting a limit when bidding on E-Bay for something you want but only at a certain price.

Put simply, there are three types of limit orders available in the market:

Limit Order:

Target an exchange rate higher than the current rate and we’ll make your transfer automatically if the market reaches that level.

Stop Loss Order:

Control the risk of an exchange rate suddenly falling by setting a 'worst-case' rate.

An OCO Order:

A combination of a limit and a stop order. The first one to hit the target rate triggers the order in its entirety.

If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

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

Will the Pound shoot up or come crashing down?

The answer is however elusive.

As such, the Pound remains under a cloud of uncertainty.

The next Brexit vote by Parliament is scheduled for mid-Feb.

Even if Theresa May wins support, she will then need agreement from the EU.

With just a little over seven weeks to go, the pressure is building.

Yesterday a Reuters poll found Sterling will gain between 2-5% if the UK can agree a Brexit deal in time but fall 5-10% if no deal is struck.

Can you afford to take the risk?

British companies are now being very active in protecting their budgets, and you can too.

To protect your budget, speak to your trader today on 01872 487 500 about locking in today’s exchange rate for the year ahead with a forward contract.

Click here for a Free quote.

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then 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: 

Wednesday 6th February 2019 at 10:00

£1.00 GBP = 1.1385 EURO

£1.00 GBP = 1.2968 USD

£1.00 GBP = 1.8173 AUD

£1.00 GBP = 1.8917 NZD

£1.00 GBP = 1.7105 CAD

£1.00 GBP = 17.4659 ZAR

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