Pound Bounces After Latest Rate Decision

As expected the BoE has kept interest rates at 5.25%.

But the big news was two BoE members voted to hike the rate further.

Past chatter about interest rate cuts might not be around the corner, after all.

It’s likely to help the Pound’s sustained strength so far this year.

Pound to Euro continues to sit near 5-month highs.

However, the Pound has lost a bit of momentum against the Dollar following positive news broke from the USA about Non-Farm Payrolls and unemployment.

Looking forward, all eyes are on the UK’s Inflation Rate data (CPI).

This is set for release next week, on the Wednesday 14th.

Most did not forecast its growth in January.

It will be intriguing to see what’s next and the knock-on effect it could have on the Pound.

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.

Please get in touch if you would like to discuss the current trends and rates further.

If you would like more market updates or to discuss current trends, a member of the trading team is just a call away on 01872 487 500.

To find out the latest rates, click below.

Benefits of using 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: 

Thursday 8th February 2024 at 11.30

£1.00 GBP = 1.1715 EURO

£1.00 GBP = 1.2602 USD

£1.00 GBP = 1.9399 AUD

£1.00 GBP = 2.0690 NZD

£1.00 GBP = 1.6987 CAD

£1.00 GBP = 1.1017 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

Key Alert - Interest Rate Decision Today

The Pound’s uptrend has continued vs the Euro.

Last week the GBP/EUR touched 5-month highs.

Today will be a good test of that strength.

We have a UK interest rate decision. While no change in rates is expected, it’s the talk around the decision that gets tongues wagging.

Could be a volatile session ahead.

Bear in mind other leading countries have begun to cut rates, so there is pressure building on the UK to follow suit.

For those interested in Pound to Euro, it’s always worth having a chat with your account manager so you are prepared for any opportunities.

As for Pound-to-Dollar, it’s been fairly choppy week so far.

We expect plenty of action later in the week. Non-farm payrolls come out Friday. It’s always a big number for the Dollar.

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.

Please get in touch if you would like to discuss the current trends and rates further.

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

For the latest rates, please click below.

Benefits of using 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: 

Thursday 1st February 2024 at 10.30

£1.00 GBP = 1.1715 EURO

£1.00 GBP = 1.2645 USD

£1.00 GBP = 1.9390 AUD

£1.00 GBP = 2.0765 NZD

£1.00 GBP = 1.7010 CAD

£1.00 GBP = 1.0920 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

GB Pound Turns Positive vs Euro & Dollar

News of the UK’s fall in borrowing didn’t result in much upward movement.

However, reports have recently been released stating that the UK economy is in growth territory in January.

At the same time, the Eurozone has seen reports of the opposite.

This has led to the Pound hitting its highest rate vs the Euro in 4 months.

Most expect the ECB to hold their interest rates again once it is announced this week. With this, the Pound could continue to gain vs the Euro.

As for GBP/USD, it has been a week of uptrend in favour of the Pound, surprising forecasters.

Many were waiting for negative reports on the UK economy, and the Dollar was the one tipped to see gains.

Goes to show how hard it is to predict these markets!

But with releases around US durable goods and GDP set to be announced over the next two days, changes could still occur.

Elsewhere, following weeks of gains for the Pound, GBP/NZD has remained choppy over the last 7 days.

New Zealand announced a fall in inflation from 5.6% to 4.7%. This seems to have helped steady the ship.

That’s all for this week.

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 want to discuss the current market trends further then be sure to give a member of our team a call on 01872 487 500.

For the latest rates, please click below.

Benefits of using 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: 

Thursday 25th January 2024 at 10.00

£1.00 GBP = 1.1685 EURO

£1.00 GBP = 1.2730 USD

£1.00 GBP = 1.9325 AUD

£1.00 GBP = 2.0780 NZD

£1.00 GBP = 1.7190 CAD

£1.00 GBP = 1.0990 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

Surprising Boost for the Pound As UK Inflation Rises

Surprising news for the Pound this week with the release of UK inflation data.

UK inflation rose in December to 4.0% despite many thinking it would drop to 3.8%.

The first increase in the rate since February 2023.

The expectation was that drops were on the horizon for GBP with news of a fall in UK inflation.

In fact, the Pound-to-Euro rate is currently seeing its highest levels of 2024 so far.

With the ECB’s interest rate decision (January 25th) just around the corner, it’ll be intriguing to see if they continue to hold their rates steady.

For GBP/USD, the rate has for the most part seen a slight downtrend over the last 7 days, but the inflation news has caused a slight gain back, in favour of the Pound.

Elsewhere over the last 7 days, the Pound continues to see a slight uptrend against the Aussie and New Zealand Dollar.

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.

Get in touch if you would like to discuss current rates and your own currency strategy.

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

To find out the latest rates, click below.

Benefits of using 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: 

Thursday 18th January 2024 at 10.45

£1.00 GBP = 1.1645 EURO

£1.00 GBP = 1.2680 USD

£1.00 GBP = 1.9315 AUD

£1.00 GBP = 2.0714 NZD

£1.00 GBP = 1.7010 CAD

£1.00 GBP = 1.0963 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

Market Update - Plenty Happening in 2024

Some interesting moves this week.

The Pound to Euro rate has been pretty steady despite German exports smashing forecasts.

Normally you would expect GBP/EUR to drop on that news (due to a rise in the Euro).

The lack of reaction is a bullish sign for the Pound.

I suspect investors are instead focusing on the expectations of an interest rates cut ahead of the Bank of England.

GBP/USD has been creeping up over the past week.

The Pound started 2024 poorly against the Dollar, but yesterday briefly hit highs for the year.

We’ve also seen the Pound climbing against the Aussie Dollar.

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.

Get in touch if you would like to discuss current rates and your own currency strategy.

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

To find out the latest rates, click below.

Benefits of using 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: 

Wednesday 10th January 2024 at 11.45

£1.00 GBP = 1.1622 EURO

£1.00 GBP = 1.2721 USD

£1.00 GBP = 1.8978 AUD

£1.00 GBP = 2.0397 NZD

£1.00 GBP = 1.7017 CAD

£1.00 GBP = 1.0848 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