Pound has surprise jump against Euro & Dollar

Here’s a quick summary of what’s happening:

- GBP-EUR & GBP-USD hovering near 3-month highs
- Markets bet on ECB rate cuts
- Bank of England dismissive of any UK cuts

Pound Sterling is maintaining its strength as traders believe the Bank of England will be the last to cut rates.

Bank of England Governor Andrew Bailey dismissed the idea of rate cuts as “not happening”.

The Eurozone’s inflation rate has fallen to 2.4%, only marginally above the 2% target.

In the USA, the Fed also seems to be softening its stance.

Fed Governor Christopher Waller, who was previously pushing to higher rates, now says they could start lowering US interest rates in 3-5 months.

Anyway, the bottom line is the ‘policy divergence’ is good news for Sterling.

Buyers of Euro and Dollars might want to take advantage.

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 any currency requirements, please get in touch.

You can call us on 01872 487 500 to discuss rates and timing.

To find out our 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 6th December 2023 at 09.30

£1.00 GBP = 1.1674 EURO

£1.00 GBP = 1.2604 USD

£1.00 GBP = 1.9169 AUD

£1.00 GBP = 2.0493 NZD

£1.00 GBP = 1.7119 CAD

£1.00 GBP = 1.1025 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 good little run for the Pound lately

Pound Sterling has hit 3-month highs against the US Dollar and 1-month highs against the Euro.

The UK economy is showing more positive signs, with better data from the Manufacturing and Services sectors.

But I would say most of the Pound’s gains have come from weakness elsewhere.

Higher interest rates are starting to bite in all corners of the globe.

The latest data is pointing to a soft landing for the US economy, which is driving further Dollar weakness.

As for Europe, the German economy isn’t looking too flash – and it tends to lead the way for the rest of the Euro gang.

If you think UK interest rates are high, things could always be worse.

In Turkey, the central bank just raised their interest rates from 35% to 40%!

It’s what happens when inflation runs out of control – Turkey’s inflation rate is 10 times higher than the UK’s.

As for the poor Turkish Lira – it’s been decimated. Your Pounds fetch a king’s ransom (in Lira).

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 an upcoming currency requirement, please do get in touch.

We are happy to discuss rates, market trends and timing.

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

To get our latest exchange 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 29th November 2023 at 10.00

£1.00 GBP = 1.1554 EURO

£1.00 GBP = 1.2680 USD

£1.00 GBP = 1.9137 AUD

£1.00 GBP = 2.0609 NZD

£1.00 GBP = 1.7217 CAD

£1.00 GBP = 1.1117 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

The Pound got an unexpected lift this week.

It was a bad news equals good news thing.

Investors have been anticipating a cut in UK interest rates could be possible given that inflation has been dropping considerably.

In fact, money markets had been pricing in that the first cut could come as early as May next year.

However, the Bank of England is having none of it.

The party poopers at Threadneedle Street made some pretty dour statements, including the surprisingly clear “it is far too early to be thinking about rate cuts”.

It’s given the Pound a shot in the arm (higher rates equals higher currency).

The Pound has been struggling against the Euro recently, but this latest news managed to break the downtrend.

Against the US Dollar, the Pound already had upward momentum and now sits near 2-month highs.

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.

There’s always something brewing in currency markets.

It pays to be alert to news and events.

If you would like to speak to a member of our team, call us 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 22nd November 2023 at 09:45

£1.00 GBP = 1.1490 EURO

£1.00 GBP = 1.2534 USD

£1.00 GBP = 1.9116 AUD

£1.00 GBP = 2.0778 NZD

£1.00 GBP = 1.7182 CAD

£1.00 GBP = 1.1078 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

As always, there’s plenty happening

Euro hits 6-month highs as Dollar hits 2-month lows

Some pretty big moves of late…

The Euro has been a winner recently.

EUR/GBP briefly hit 6-month highs late last week before some profit taking kicked in.

Why? Well, that’s less clear.

You could say the Euro is the ‘least worst’ of the majors at the moment.

The UK is struggling with soft economic data and has the highest inflation of the major, developed economies. A bit of political instability isn’t helping the Pound either.

The US Dollar has lost some sparkle too.

It’s sitting around 2-month lows against the Pound.

With lower job creation and inflation in the US, markets now think the Fed will sit tight for a while.

We also note that there is a US election next year and the Fed won’t want to cause a recession (and lose their jobs).

As always, there’s plenty happening.

It’s why exchange rates rarely sit still for long.

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.

We can assist you with your currency requirements, please do get in touch.

You can call us on 01872 487 500.

To learn more or find out our 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 15th November 2023 at 10:30

£1.00 GBP = 1.1486 EURO

£1.00 GBP = 1.2470 USD

£1.00 GBP = 1.9150 AUD

£1.00 GBP = 2.0648 NZD

£1.00 GBP = 1.707 CAD

£1.00 GBP = 1.1082 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

Risk event for the Pound next week

Are we there yet?

Yes, is the likely answer.

We may well have reached peak interest rates after the Bank of England hit ‘pause’ last week.

The US Federal Reserve and the European Central Bank did the same (safety in numbers).

So what now?

The coming week will be less about central bank meetings and more about central banker speeches.

The question everyone is asking is whether inflation will keep falling.

The signs are good.

Andrew Bailey, the Guv at the Bank of England, expects inflation to “fall dramatically” when the next month of inflation data is released next Tuesday.

That’s a big call, he sounds mighty confident, I suspect he knows something we don’t.

Watch out for that one.

If he’s right, the Pound could cop a hammering.

The US Dollar got hit late last week on a soft jobs number because it will mean the US Fed can pause for a while.

That’s why I am nervous about the Pound.

We still see range-bound trading as the most likely scenario for now because the central banks are acting in unison.

On that basis, there will still be plenty of opportunities to take advantage of the inevitable ups and downs that occur in currency markets.

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.

We can assist you with your currency requirements, please do get in touch.

You can call us on 01872 487 500.

To learn more or find out our 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 8th November 2023 at 10:00

£1.00 GBP = 1.1482 EURO

£1.00 GBP = 1.2250 USD

£1.00 GBP = 1.9066 AUD

£1.00 GBP = 2.0679 NZD

£1.00 GBP = 1.6889 CAD

£1.00 GBP = 1.1049 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