After a miraculous run, the Pound has lost some of its lustre.

Against the US Dollar, GBP sits at a 6-week low.

Against the Euro, GBP is near a 3-week low.

Why?

Well, firstly, the Pound has had a strong run, so was vulnerable to profit-taking.

Secondly, the recent news has not helped the Pound.

In the US, a whopping $1.9 trillion stimulus package is about to unleashed, which is seen as good for the Dollar.

In the EU, there’s talk about banning vaccine exports to Britain – good for the Euro, bad for the Pound.

The UK still has a sizeable advantage in terms of its vaccine roll-out, so the current downturn in Sterling could well prove short-lived.

It is, however, a sharp reminder of how quickly currency trends and sentiment can change course.

We note the ‘net long’ (bullish) position in Sterling futures has shrunk considerably in the past 2 weeks. In other words, investors are getting nervous.

It’s why we are always looking to take advantage of favourable moves while keeping an eye on upcoming risks.

If you would like to discuss your upcoming money transfer, please get in touch with our team on 01872 487 500.

To find out our latest rates, click below.

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 24th March 2021 at 09:45

£1.00 GBP = 1.1588 EURO

£1.00 GBP = 1.3716 USD

£1.00 GBP = 1.7998 AUD

£1.00 GBP = 1.9619 NZD

£1.00 GBP = 1.7241 CAD

£1.00 GBP = 20.3051 ZAR

• 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

The Pound has been put to the test this week.

Against the Euro, GBP faced heavy selling yesterday only to then bounce right back and hit fresh highs for the year.

From a technical perspective, it will be seen as a bullish indicator.

We suspect the reason was more to do with the Euro.

The EU continues to drag its heels on the vaccine roll-out. It could stall an economic recovery.

And now Italy looks to be facing a 3rd wave of COVID cases – adding to the negative outlook.

Against the US Dollar, the picture is less clear.

GBP peaked against USD almost 3 weeks ago.

Since then, the rate has stayed in a tight range, but we know stability never lasts long in foreign exchange.

As always, we will be looking to take advantage of any favourable moves for our clients.

Volatility can be turned to your advantage.

If you would like to discuss risk mitigation strategies, please get in touch with our team on 01872 487 500.

To find out our latest rates, click below.

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 17th March 2021 at 09:35

£1.00 GBP = 1.1671 EURO

£1.00 GBP = 1.3905 USD

£1.00 GBP = 1.7988 AUD

£1.00 GBP = 1.9363 NZD

£1.00 GBP = 1.7331 CAD

£1.00 GBP = 20.7145 ZAR

• 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

The Pound’s rapid rise has continued.

Against the Euro, it has climbed a 1-year high.

And against the US Dollar, the Pound is not far off 3-year highs.

Given the UK’s success at rolling out COVID vaccines, other countries are under pressure to catch up.

The EU Commission is pushing for ‘vaccine passports’ as early as June – in time for the economically critical Summer holidays.

That may be good news for Brits but bad news for the Pound.

If the EU catches up with the UK, a lot of the Pound’s recent gains due to vaccine disparity may be lost.

Make sure any upcoming transactions are protected against the risks of sudden market movements.

We have seen this year how quickly swings in exchange rates can occur.

Please contact the trading department on 01872 487 500 to discuss your specific requirements.

Or to find out current rates, click below.

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 10th March 2021 at 11:00

£1.00 GBP = 1.1678 EURO

£1.00 GBP = 1.3891 USD

£1.00 GBP = 1.8052 AUD

£1.00 GBP = 1.9408 NZD

£1.00 GBP = 1.7574 CAD

£1.00 GBP = 21.2138 ZAR

• 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

Sterling’s recent run has hit the brakes…

The Pound has fallen to a 2 week low against the US Dollar.

And against the Euro, the Pound hit a peak 7 days ago.

The UK’s accelerated vaccine roll-out had a positive effect on the Pound, but it was always going to be temporary.

Many countries are now moving from rescue to recovery mode.

Some central banks are even considering raising interest rates due to fears that there’s too much stimulus in the system – as can be seen by rampant stock and property markets.

Closer to home, the UK is set for the latest Budget.

Most Budgets are widely leaked to the press these days, so it may not make for exciting news.

Expect to hear the words ‘support’, ‘navigate’ and ‘recovery’ on a perpetual loop.

As always, we are here to take advantage of any favourable moves in currency markets.

Being pro-active with timing can make a significant financial difference.

If you would like to discuss your upcoming requirements, you can call us on 01872 487 500.

To find out our latest exchange rates, just click below.

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 3rd March 2021 at 09:30

£1.00 GBP = 1.1577 EURO

£1.00 GBP = 1.3989 USD

£1.00 GBP = 1.7874 AUD

£1.00 GBP = 1.9172 NZD

£1.00 GBP = 1.7644 CAD

£1.00 GBP = 20.8670 ZAR

• 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

Sterling continues to defy expectations…

Against the US Dollar, the Pound has surged to its highest level in over 1,000 days.

If it climbs another 1% it will approach 5-year highs.

The recent gains are not limited to USD.

A similar uptrend has formed against the Euro, Swiss Franc, Canadian Dollar and Japanese Yen.

We aren’t getting carried away, though.

The golden run is being attributed to Britain’s speedy vaccine roll-out.

At some point, other countries will catch up – which could see a reversal of fortune.

There is also talk that the Bank of England is getting uncomfortable with the Pound’s appreciation and may be forced to act.

What should You do?

If you have a requirement to purchase EUR or USD with GBP, please do consider locking in some of the recent gains.

Should you wish to speak with a member of the team to discuss your specific requirements, feel free to call us on 01872 487 500.

To find out our latest rates, click below.

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 24th February 2021 at 09:15

£1.00 GBP = 1.1649 EURO

£1.00 GBP = 1.4172 USD

£1.00 GBP = 1.7902 AUD

£1.00 GBP = 1.9181 NZD

£1.00 GBP = 1.7824 CAD

£1.00 GBP = 20.6938 ZAR

• 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