Pound faces intense selling pressure

The prospect of a ‘No Deal Brexit’ has driven Sterling down in recent sessions.

Where now for Sterling?

Technical analysts point to intense selling pressure in Sterling.

Any subsequent positive move is likely to confront strong resistance near a short-term descending trend.

Sentiment around the Pound is being driven by the chances of a no-deal Brexit.

GBP investors are becoming increasingly jittery.

The penultimate round of Brexit talks are underway.

All scenarios are feasible; however Sterling’s recent rally makes it susceptible to further losses.

If you have a requirement to purchase EUR or USD from GBP, please consider current levels as the Pound is still reasonably strong compared to recent history.

Contact our trading department on 01872 487 500 and they will be able to assist.

Or to find out current exchange rates, please request a quote 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: 

Tuesday 8th September 2020 at 10:20

£1.00 GBP = 1.1085 EURO

£1.00 GBP = 1.3090 USD

£1.00 GBP = 1.8023 AUD

£1.00 GBP = 1.9635 NZD

£1.00 GBP = 1.7199 CAD

£1.00 GBP = 22.0766 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

Just a quick heads up for you…

GBP/EUR has hit a 12 week high.

GBP/USD is back to a 7 month high.

The reasons are less clear.

The UK economy is fragile.

The Bank of England is still talking about emergency measures.

Brexit talks have stalled.

The deadline is drawing closer and progress is minimal to non-existent.

Regardless of the reasons, it’s an opportunity to secure a favourable rate.

If you need to buy Euros or Dollars, then consider locking-in a rate at these levels.

To speak to one of our team, please get in touch on 01872 487 500.

Or to find out current exchange rates, please request a quote 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: 

Thursday 3rd September 2020 at 09:45

£1.00 GBP = 1.1251 EURO

£1.00 GBP = 1.3303 USD

£1.00 GBP = 1.8194 AUD

£1.00 GBP = 1.9710 NZD

£1.00 GBP = 1.7396 CAD

£1.00 GBP = 22.2782 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

Just a quick heads up…

The GBP/USD rate has jumped to its strongest level since January of this year.

It’s a big move for ‘Cable’.

Strange things are happening at the moment.

The US stock market is hitting new highs while the US Dollar is sinking to fresh lows.

The propeller heads will rationalise it later.

For now, it’s an opportunity to secure a favourable rate.

It’s not a time to be complacent.

The Pound, in particular, faces an uncertain path ahead with both Brexit and Coronavirus to contend with.

As the saying goes “to the left is history, to the right is mystery”.

If you value certainty over speculation, then consider locking-in a rate at these levels.

To speak to one of our team, please get in touch on 01872 487 500.

We’re happy to help and you are under no obligation to trade with us.

To find out current exchange rates, please request a quote 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: 

Friday 21st August 2020 at 13:00

£1.00 GBP = 1.1132 EURO

£1.00 GBP = 1.3109 USD

£1.00 GBP = 1.8300 AUD

£1.00 GBP = 2.0103 NZD

£1.00 GBP = 1.7336 CAD

£1.00 GBP = 22.5933 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

The Pound continues to rise against the US Dollar.

GBP/USD has now gained over 14% since the March bottom and is a touch below 5-month highs.

Against the Euro, the picture is less clear.

Britain and the EU are back at loggerheads over Brexit.

A new round of trade talks will begin today.

Some progress would be a welcome change.

We see Brexit as a key driver for the Pound, particularly over the coming months.

The timetable of negotiations finishes in October – just over 2 months away.

There will no doubt be moments of hope and despair as the deadline approaches.

However, fluctuations in currency markets can work both for and against you.

It’s all about staying alert to opportunities and being prepared to act when a favourable rate is in front of you.

If you have an upcoming currency requirement, please get in touch on 01872 487 500, so we can discuss a plan to turn events to your advantage.

To find out current exchange rates, please request a quote 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 19th August 2020 at 06:30

£1.00 GBP = 1.1100 EURO

£1.00 GBP = 1.3248 USD

£1.00 GBP = 1.8276 AUD

£1.00 GBP = 2.0023 NZD

£1.00 GBP = 1.7431 CAD

£1.00 GBP = 22.9576 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

The Pound’s recent strength against the US Dollar has continued.

GBP/USD is sitting near 5-month highs.

It’s the result of a broad Dollar sell-off against most major currencies.

Against the Euro, the Pound has been struggling to find a clear direction.

While recent UK economic news has been more positive, there remains lingering fears about Brexit.

Talks between the UK and EU are due to resume next week.

As usual, there’s plenty of uncertainty on the horizon for Pound Sterling…

• A V-shaped recovery may take place.
• A second wave of localised lockdowns may happen.
• A vaccine may be discovered.
• Brexit talks may fail or succeed.

There are so many variables that it may simply be best to take advantage of favourable currency moves when they arise.

If you would like to speak to someone about your upcoming requirements, call us on 01872 487 500.

To find out our latest rates, please request a quote 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 12th August 2020 at 09:50

£1.00 GBP = 1.1108 EURO

£1.00 GBP = 1.3053 USD

£1.00 GBP = 1.8312 AUD

£1.00 GBP = 1.9941 NZD

£1.00 GBP = 1.7371 CAD

£1.00 GBP = 22.8460 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