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The French Property Network

Mar 14

Bank of England cuts Interest Rates to record low

While the mornings are getting lighter, so is Sterling.

This morning the Bank of England cut interest rates to a record low in response to the Coronavirus outbreak.

Later today, more stimulus is expected in the first Budget of Boris Johnson's majority government.

Historically, Pound Sterling has not performed well in moments of crisis.

The usual ‘risk aversion’ rules look to be kicking in.

Sterling has been selling off against JPY/EUR/USD/CHF – which are seen as 'safe havens' in times of trouble.

With all that's going on, the sentiment around currencies is changing extremely quickly.

If you would like to gain some certainty, consider securing an exchange rate today.

Call us on 01872 487 500 to discuss your plans or to find out the latest rates, request a quote below.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Saturday 14th March 2020 at 09:00

£1.00 GBP = 1.1047 EURO

£1.00 GBP = 1.2274 USD

£1.00 GBP = 1.9848 AUD

£1.00 GBP = 2.0251 NZD

£1.00 GBP = 1.6943 CAD

£1.00 GBP = 19.9670 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1541
Mar 4

Pound Alert, A sudden change of outlook

Coronavirus continues to be the main news event.

The knock-on effects are very real.

Stock markets have lost trillions.

And currency markets are highly unstable.

In response to the outbreak, Central Banks around the world have begun to cut interest rates.

The UK could be the next to follow.

Money markets are pricing in almost a 100% chance of a rate cut by the Bank of England this month.

It wasn’t long ago that the next rate move was expected to be up.

The sudden change of outlook has taken the wind out of the Pound’s sails.

And with trade talks underway with the EU, it adds another layer of currency risk.

So what should You do?

There is so much uncertainty on the horizon that it’s difficult to foresee what is next for exchange rates.

If you would like to secure certainty over your currency transfers, you can lock-in a fixed exchange rate today.

Call us on 01872 487 500 or to find out the latest rates, request a quote below.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 4th March 2020 at 10:50

£1.00 GBP = 1.1458 EURO

£1.00 GBP = 1.2782 USD

£1.00 GBP = 1.9342 AUD

£1.00 GBP = 2.0332 NZD

£1.00 GBP = 1.7081 CAD

£1.00 GBP = 19.5620 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1795
Feb 26

Will Coronavirus damage the Pound?

As the Coronavirus spreads, currency markets could be facing increased volatility over the coming days and weeks.

The virus is now breaking out across Europe, with Italy reporting over 300 cases.

Currency markets will be sensitive to any developments.

At first, Asian markets were hit the hardest.

But as UK investors wake up to the growing threat, it could begin to damage the Pound.

In times of trouble, investors tend to dump Pound Sterling in favour of “safe havens”, such as the US Dollar and Swiss Franc.

If you have an upcoming currency requirement, it’s something you need to be aware of.

What should You do?

We are watching rates carefully and can assist you with the timing of your transfer.

Please get in touch on 01872 487 500 to speak to one of our dealers.

To find out the latest rates, click for a quote below.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 26th February 2020 at 10:30

£1.00 GBP = 1.1897 EURO

£1.00 GBP = 1.2944 USD

£1.00 GBP = 1.9685 AUD

£1.00 GBP = 2.0524 NZD

£1.00 GBP = 1.7213 CAD

£1.00 GBP = 19.8040 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1777
Feb 19

Pound holds at 3.5 Year Highs

It’s been a busy time in February.

With the Pound at 3.5 year highs against the Euro, people are actively taking advantage of the rate.

There’s been a lull in Brexit news, which has given the Pound a breather from the turbulence.

At the moment, the UK and the EU are in a war of words. Neither side wants to show any weakness ahead of trade negotiations.

European ministers are set to meet in Brussels next week to decide on their position.

While none of us has a crystal ball, I expect there will be more twists and turns to come.

If you value certainty above speculation, you may wish to lock-in an exchange rate so you can budget effectively and protect your money from currency risk.

Find out our latest exchange rates below.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Thursday 19th February 2020 at 11:00

£1.00 GBP = 1.2002 EURO

£1.00 GBP = 1.2962 USD

£1.00 GBP = 1.9266 AUD

£1.00 GBP = 2.0261 NZD

£1.00 GBP = 1.7158 CAD

£1.00 GBP = 19.3784 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1732
Feb 13

Pound and Euro in muddy waters

The Pound has swinging up and down around 2% against both the Euro and US dollar in recent days.

It is creating opportunities for those with currency requirements.

The lack of overall direction is because nothing much has happened with Brexit, and the latest economic data has been as clear as mud.

After rumours the Bank of England might actually tweak interest rates, they have retreated back into their cave of computers.

But the bigger issue right now is the future trading relationship with the EU.

It’s completely up in the air.

We’re in the “political posturing” phase where the insults and innuendo are the norm.

All I can suggest is that to protect your money against the uncertainty ahead, you can secure an exchange rate for up to 12 months in advance of your requirements.

Call us on 01872 487 500 to speak to one of our friendly traders.

To find out our latest rates, please click on the link below.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Thursday 13th February 2020 at 09:30

£1.00 GBP = 1.1918 EURO

£1.00 GBP = 1.2973 USD

£1.00 GBP = 1.9279 AUD

£1.00 GBP = 2.0095 NZD

£1.00 GBP = 1.7198 CAD

£1.00 GBP = 19.3067 ZAR

Cle France Currency Guide link

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

Add CommentViews: 2027

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