Pound hits highs as rate cuts begin

A new cycle has begun...

The Bank of Canada is the first major central bank to cut interest rates.

The European Central Bank is expected to do the same today.

The more that do it, the easier it is for others to follow.

But futures markets are still undecided on what the Bank of England will do later this month.

The unclear picture is helping the Pound, perhaps only temporarily.

For now, it’s a great time for buyers of Euros as the British Pound is at its highest point against the Euro since August 2022.

The Pound is also on a nice little run against the US Dollar and Canadian Dollar.

Some good opportunities are coming out of the global policy shift.

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 to discuss your requirements so we can keep an eye on things for you.

You can speak to us by calling 01872 487 500.

To find out our latest rates, click below.

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: 

Friday 7th June 2024 at 10:30

£1.00 GBP = 1.1745 EURO

£1.00 GBP = 1.2790 USD

£1.00 GBP = 1.9180 AUD

£1.00 GBP = 2.0655 NZD

£1.00 GBP = 1.7490 CAD

£1.00 GBP = 1.1375 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

So What Could Happen?

UK Rate Decision Today!

The Bank of England meets at lunchtime today for their latest rate decision.

The meeting is likely to have a big impact on the Pound’s direction going forward.

While no change in rate is expected, the voting pattern is the key.

Last time round, we had one member vote for a hike, eight on hold and none for a cut.

As always, the Pound will be super sensitive to any change.

We note in recent weeks that other central banks have steered the market away from expecting cuts in 2024 and back towards a “higher for longer” outlook.

A move in that direction would be Sterling positive.

If however, the committee all move to a neutral / hold stance, it’s likely to be Sterling negative.

It’s a bumper end to the week because on Friday we have the latest UK GDP.

The market expects annual growth for the UK of 0.3%. Every little helps.

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 a currency requirement, please do get in touch so we can keep an eye out for the best opportunities.

To speak to a member of our team, call 01872 487 500.

To find out our latest rates, click below

.

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 9th May 2024 at 10:15

£1.00 GBP = 1.1630 EURO

£1.00 GBP = 1.2475 USD

£1.00 GBP = 1.8970 AUD

£1.00 GBP = 2.0800 NZD

£1.00 GBP = 1.7130 CAD

£1.00 GBP = 1.1345 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

How to get ahead of the pack with your future French Property Purchase

Why Open a Currency Account so soon?

It is never too early to prepare, we are seeing some properties going 'Under Offer' within days, especially in the lower budget brackets and one way for you to be prepared [and be ahead of the pack] is to be registered and ready to make a deposit payment on the property you want to buy [other currency parings are similar is GBP to USD].

What is the Current Status?

Sterling exchange rates are outperforming against the Euro, today, GBP to EUR is over 1.17, a solid level which gives enough of a case for Pound to Euro exchange rates to push up further in the near term.

This week, we have a few important releases before the Bank Holiday weekend, EU Consumer Confidence, UK Mortgage Approvals, US Fed Interest Rate Decision and Employment Data, but will they be a shock to the market?

So how can I protect my property budget?

The first step in protecting your overseas property budget would be to register with Key Currency, it’s free and there’s no obligation to trade. By doing so you get ahead of the pack because you can move quickly when you find that house of your dreams.

Click below for a free quote from 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: 

Tuesday 30th April 2024 at 10:00

£1.00 GBP = 1.1715 EURO

£1.00 GBP = 1.2550 USD

£1.00 GBP = 1.9210 AUD

£1.00 GBP = 2.1100 NZD

£1.00 GBP = 1.7175 CAD

£1.00 GBP = 1.1440 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 quick summary of what’s happening

Pound jumps to 1-month high against Euro

The Pound is having a good run against the Euro, Aussie and Kiwi, but is struggling against the US Dollar.

The US Dollar is exceptionally strong against other major currencies at the moment.

We attribute a lot of that to geopolitical fear as things are kicking off in the Middle East. It’s known as a ‘risk-off’ market.

The other key factor is that opinion on interest rates is changing rapidly.

The reason is inflation is proving to be sticky.

Today’s UK inflation reading is a case in point. Once against, inflation has come in above expectations.

Core inflation is still sitting above 4% - more than double the Bank of England’s 2% target.

Hard to see any rate cuts happening without a big drop in inflation.

The US Fed has come to the same sort of conclusion, pushing back expectations of cuts until later this year.

The Europeans are less clear but you would think they are largely in the same boat.

Moreover, there’s a fair bit of volatility in exchange rates right now.

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 a currency requirement, best to get in touch to discuss current exchange rates, market strategies and upcoming events.

Get in touch so we can help you take advantage of any favourable moves.

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

To find out our latest rates, click below.

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 April 2024 at 15:00

£1.00 GBP = 1.1705 EURO

£1.00 GBP = 1.2455 USD

£1.00 GBP = 1.9355 AUD

£1.00 GBP = 2.1050 NZD

£1.00 GBP = 1.7040 CAD

£1.00 GBP = 1.1340 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

Pound headed lower on rate cut rumours

The Pound has lost a bit of momentum lately

Both GBP-EUR and GBP-USD are hovering near 1-month lows.

The latest Bank of England meeting revealed that the last of the ‘hawks’ calling for rate rises have now changed their tune.

With inflation falling and the economy soft, the next move for UK interest rates looks almost certain to be down.

It’s weakening the Pound – lower rates, lower currency.

The Pound’s fall would be worse if it weren’t for the fact that the Euro and US Dollar are facing the same situation.

Futures markets indicate the US Fed, the ECB and the Bank of England are likely to make their first cut in June.

Ah, to be a central banker – just do what the other mob are doing.

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.

A lot could change between now and June, but that is the current thinking.

To discuss your requirements and what can be achieved for you, speak to a member of our team on 01872 487 500.

Or to find out our latest rates, click below.

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 27th March 2024 at 11:00

£1.00 GBP = 1.1662 EURO

£1.00 GBP = 1.2633 USD

£1.00 GBP = 1.9351 AUD

£1.00 GBP = 2.1034 NZD

£1.00 GBP = 1.7172 CAD

£1.00 GBP = 1.1442 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