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.

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.

  

• 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.

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

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.

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.

  

• 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.

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

Pound drops to 4-month lows against Dollar

The US Dollar has shot up after a shock inflation reading. Inflation increased from 3.2% in February to 3.5% in March.

It might not sound like a big deal, but it’s a major plot twist.

We’re in a world where inflation is expected to be falling (fast), not going back up again.

Now it seems the US Federal Reserve has the luxury of sitting back and putting their feet up for while (markets were expecting a June cut).

As a result of Dollar strength, the GBP/USD rate has dropped to 4-month lows.

Hey, things can always be worse. The Japanese Yen just hit 34-year lows against the US Dollar! Ouch.

The tug of war between the Pound and Euro continues.

The Pound made some good ground early this week with a powerful surge on Monday and Tuesday.

But a retreat yesterday suggests the Euro team is fighting back (Heave!).

There’s plenty of volatility in exchange rates at the moment.

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.

Please make sure you get in touch so we can discuss market trends and target rates.

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

To find out the latest rates, click below.

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

Cle France / Key Currency

Key Currency is the currency exchange department of Cle France Ltd, 'Cle' being the French word for 'Key', did you see what we did there?

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Buckle in - Interest Rate cuts are coming

The first quarter of the year has passed already.

As we head into Q2, it’s all about interest rate cuts.

Who will be the first to act?

Futures markets indicate the US and EU will see their first rate cut in June. In the UK, expectations suggest a cut some time over the summer.

Rate cuts can have a big impact on exchange rates, so buckle in.

At the moment, Pound to Euro is in a bit of a holding pattern.

There looks to be opportunities for buyers and sellers right now, so it’s worth keeping a close eye on the daily swings.

The uptrend in Pound to Dollar seems to have stalled.

Again, I suspect investors are awaiting news on rate cuts.

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.

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

To find out our latest rates, click below.

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 4th April 2024 at 11:30

£1.00 GBP = 1.1665 EURO

£1.00 GBP = 1.2660 USD

£1.00 GBP = 1.9360 AUD

£1.00 GBP = 2.0955 NZD

£1.00 GBP = 1.7095 CAD

£1.00 GBP = 1.1475 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.

  

• 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.

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

Pound headed lower on rate cut rumours

The Pound has lost a bit of momentum lately

Both GBP-EUR and GBP-USD are hovering near 1-month lows.

The latest Bank of England meeting revealed that the last of the ‘hawks’ calling for rate rises have now changed their tune.

With inflation falling and the economy soft, the next move for UK interest rates looks almost certain to be down.

It’s weakening the Pound – lower rates, lower currency.

The Pound’s fall would be worse if it weren’t for the fact that the Euro and US Dollar are facing the same situation.

Futures markets indicate the US Fed, the ECB and the Bank of England are likely to make their first cut in June.

Ah, to be a central banker – just do what the other mob are doing.

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.

A lot could change between now and June, but that is the current thinking.

To discuss your requirements and what can be achieved for you, speak to a member of our team on 01872 487 500.

Or to find out our latest rates, click below.

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 27th March 2024 at 11:00

£1.00 GBP = 1.1662 EURO

£1.00 GBP = 1.2633 USD

£1.00 GBP = 1.9351 AUD

£1.00 GBP = 2.1034 NZD

£1.00 GBP = 1.7172 CAD

£1.00 GBP = 1.1442 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.

  

• 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.

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