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Apr 13

Big Day for Pound Sterling Today

Same, the same but different.

That would sum up currency markets at the moment.

All the major currencies face the same two issues: inflation and interest rates.

But the UK, EU and US look to be at different stages in the cycle.

The UK is expected to be nearing the end of interest rate hikes.

Markets are pricing in an 80% chance of a 0.25% hike at the May meeting. That may prove to be the top.

In contrast, the European Central Bank is still beating the drum for much higher rates, there’s even talk of a 0.5% rise.

And the US is somewhere in between. A few more small hikes perhaps.

It’s important for currencies because higher interest rates lead to higher currency values.

In terms of reading the tea leaves, look out for UK GDP today, it is an important number.

The UK economy looks to be on firmer footing these days (limping not crawling along).

A strong reading should give Sterling a lift.

So what next, what should you do?

Any clients with requirements, please make sure to get in touch with the team in advance.

That way we can let you know if exchange rates move in your favour.

To find out the latest rates, click below.

Get a Quick Quote

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: 

Thursday 13th April 2023 at 10:10

£1.00 GBP = 1.1387 EURO

£1.00 GBP = 1.2284 USD

£1.00 GBP = 1.8350 AUD

£1.00 GBP = 1.9754 NZD

£1.00 GBP = 1.6834 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

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Mar 22

Currency Market Update - 22nd March 2023

Pound shaky ahead of rate decision

A couple of big events happening this week…

Later today, we have an interest rate decision in the US.

The Fed is expected to raise rates by 0.25%.

This will have consequences all around the world as many countries are forced to ‘follow the leader’ in order to keep their currencies stable.

On Thursday, it’s the Bank of England’s turn.

Normally UK interest rates decisions are well-flagged ahead of meetings, but this one is highly uncertain.

Markets have been pricing in a 44% chance of no change versus a 56% chance of a 0.25% increase.

Interestingly, the Pound has shown some weakness ahead of the meeting.

Warning: No change would be bad news for the Pound.

As for the Euro, most of the focus remains on the banking system.

The collapse of Credit Suisse has dented confidence in the Euro area.

So what next, what should you do?

Right now, it’s about trying to get that story off the front page. Nothing to see here folks etc.

Lots going on, as always.

If you have currency requirements and would like to discuss your situation, feel free to speak to a member of our team on 01872 487 500.

Or to find out the latest rates, click below.

Get a Quick Quote

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 March 2023 at 10:00

£1.00 GBP = 1.1387 EURO

£1.00 GBP = 1.2284 USD

£1.00 GBP = 1.8350 AUD

£1.00 GBP = 1.9754 NZD

£1.00 GBP = 1.6834 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

Add CommentViews: 732
Mar 15

A Busy and Exciting Week Ahead

Budget Day, Rate Decisions & Fear Factor

Today we have the Budget due out in the UK.

Expect some volatility in the Pound as investors take in the details.

Remember the meltdown after the mini-Budget from September 2022?

Let’s hope it’s as dull as dishwater.

On Thursday we have the ECB rate decision. Interest rates are expected to rise by 0.5% in the EU.

Anything outside of that and GBP/EUR could go haywire.

And in the US, there are still daily jitters around the collapse of Silicon Valley Bank.

The Fed is doing its best to bring calm, but collective fear is a difficult beast too tame.

So what next, what should you do?

With everything going on, there’s plenty of potential for market opportunities.

Make sure you reach out to the team with any upcoming requirements.

You can call us on 01872 487 500.

Or to find out our latest rates, click below.

Get a Quick Quote

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 March 2023 at 10:30

£1.00 GBP = 1.1350 EURO

£1.00 GBP = 1.2100 USD

£1.00 GBP = 1.8202 AUD

£1.00 GBP = 1.9489 NZD

£1.00 GBP = 1.6613 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

Add CommentViews: 747
Mar 7

The Pound may well stage a comeback

The Pound has given up some of its recent gains this week.

Interest rates are the main talking point.

Because the UK economy is looking more fragile than the EU and US, the Bank of England may hit the pause button first.

The market is pricing in a 93% chance of another 25 basis point rate rise in the UK at the meeting later this month.

But that could well mark the top.

Data out this Friday is expected to show the British economy was flat as a pancake in the 3 months to January.

It means the Bank of England can’t really afford to slam the brakes much more without causing a recession.

In contrast, the EU and US are both indicating quite a few rates rises are still to come. Like 4-5 more.

To be clear, interest rate hikes tend to strengthen a currency. So, the net effect of all this is bad for the Pound.

Just to throw a little curve ball into the mix…

The recent UK data has been making economists look rather silly.

I don’t want to jinx it… but things look to be improving.

Should that trend continue, the Pound may well stage a comeback.

We will be watching the data closely.

So what next, what should you do?

If you have a currency transfer on the horizon, make sure you keep in touch.

We can help you make the most of the market opportunities.

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

Or to find out the latest rates, click below.

Get a Quick Quote

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: 

Tuesday 7th March 2023 at 10:20

£1.00 GBP = 1.1260 EURO

£1.00 GBP = 1.2004 USD

£1.00 GBP = 1.7985 AUD

£1.00 GBP = 1.9668 NZD

£1.00 GBP = 1.6360 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

Add CommentViews: 560
Feb 28

More good news for the Pound this week.

Pound jumps back up again

The UK and the EU agreed a new post-Brexit deal for Northern Ireland.

It’s given the Pound a lift, but these days the markets seem bored with Brexit.

Last week we had more of a thunderbolt.

Better than expected UK business confidence and budget numbers really got the Pound motoring.

The market reaction though was quite revealing.

The Pound jumped higher on the day of the news but then drifted back down over the following days.

From a technical perspective, that’s a negative sign.

For the bulls to be in charge, the Pound should have held on to its gains following a positive gap, not given them up so easily.

It means there are plenty of Pound sellers still out there.

I guess one takeaway is that currency markets tend to give both buyers and sellers opportunities.

That makes our job easier.

So what next, what should you do?

We’re always looking to make the most of any favourable moves.

If you want to speak to a member of our team, call us on 01872 487 500.

Or to find out the latest rates, click below.

Get a Quick Quote

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: 

Tuesday 28th February 2023 at 11:30

£1.00 GBP = 1.1401 EURO

£1.00 GBP = 1.2100 USD

£1.00 GBP = 1.7970 AUD

£1.00 GBP = 1.9638 NZD

£1.00 GBP = 1.6416 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

How to Save Money on your foreign currency transfers

Add CommentViews: 653

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