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Jun 11

Currency Market Update - 11.06.2024

When was the last time you saw the Pound above 1.18 Euro?

22 Months ago, that is when!

A quick heads up for you this morning…

The Pound hit a 22-month highs against the Euro and continues to rise.

So why is this?

With UK inflation coming in higher than expected, a June rate cut is now less likely.

Election results in Europe and a snap election set in France.

The Pound’s strength has caught some investors by surprise given we have a general election looming.

Either way, it’s a very attractive time for buyers of Euros.

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.

Get a Quick Quote

  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 11th June 2024 at 09:55

£1.00 GBP = 1.1845 EURO

£1.00 GBP = 1.2725 USD

£1.00 GBP = 1.9280 AUD

£1.00 GBP = 2.0785 NZD

£1.00 GBP = 1.7520 CAD

£1.00 GBP = 1.1415 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.

    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

  • 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

Add CommentViews: 827
Jun 7

Currency Market Update - 7th June 2024

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.

Get a Quick Quote

  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.

    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

  • 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

Add CommentViews: 675
May 9

UK Rate Decision Today - Learn More...

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

.

Get a Quick Quote

  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.

    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

  • 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

Add CommentViews: 675
Apr 30

How You can get Ahead of the Pack

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.

Get a Quick Quote

  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.

    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

  • 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

Add CommentViews: 654
Apr 30

WHY MAYENNE IS MAGNIFIQUE

Mayenne is a picturesque little market town that gives it's name to the river that runs smack through its centre. It also gives its name to the Department it sits in, though Laval, also on the river, is much larger and is the administrative centre. It is one of the lesser known Departments in France and on my travels from Paris to Nice I have found few French people who have even heard of it.

The town has been built on both banks of the river which rise steeply for about 50 metres on both sides. At the top of the right bank there is what remains of a once imposing 14th century castle that belonged to the lords of Mayenne. It has now been excavated, restored and turned into a museum of the towns history.

In the town centre, Place Clemonceau, next to the old château, are held the markets. The one on Monday is for general goods, clothes, hats, and hardware and Saturday is full of stalls selling fish and such local produce as fresh cream, locally made breads, vegetables along with travelling butcheries and charcuteries. There are a number of good restaurants and brasseries dotted about the town and the centre is a very pleasant little shopping area.

The chateau side of the town is the older part with steep narrow streets, some old half timbered houses and the huge 16th century Basilica of Notre Dame. The left bank has the newer buildings on it mainly due to Second World War damage. However, overall you can still find little cobblers shops where shoes are made by hand. Wonderful charcuteries that make all their own products and even spit roasted chickens on the pavements sending wonderful smells wafting down the streets. These mingle with freshly roasted coffee being made in a mall off the main Place or the whiff of chocolate being manufactured in a little chocolatier's shop and of course, the beautiful odor of baking bread and patisserie from the boulongeries.

There are, naturally, quite a few bars all of which seem to vie with each other by putting tables and chairs onto as much of the pavement as they can possibly get away with without actually causing traffic jams.

Mayenne and its depatment are host, throughout the year, to many of Frances top cultural and arts occasions. Plays, concerts, son et lumieres, historical spectacles, art exhibitions all form the many and varied attractions Mayenne has to offer. Mayenne, town and department are one of the hidden gems of France and that is why Mayenne is Magnifique.

Fraser Blake at home in France  A Rant to Far Book cover  Dear Chips book cover 

If you want more? then follow the links above, in the images, where you can buy Fraser's published books.

Fraser Blake, 70, author of 'Dear Chips' and 'A Rant Too Far?' grew up in Africa, was at school in Scotland, and worked for the British South Africa Police in Southern Rhodesia. He has taught English in Saudi Arabia and sold and renovated hundreds of properties in Northern France.

In 1998 Fraser was selling houses in the Mayenne department of the Pays de la Loire region and so was the obvious choice, when Cle France was started, to be their first agent on the ground in France. In retirement he writes, blogs, cooks, drinks wine, and hosts to dinner unlimited numbers of ex-pats.

Always on hand with a viewpoint, Fraser is going to share his views on France, the French and the British, and other people who buy in France. Sometimes informative, sometimes funny, painfully true, outrageously opinionated but always entertaining so we hope it adds a slightly different dimension to the usual normality of searching through the fantastic properties for sale on the Cle France website.

Watch out for more rants and opinion next week or buy the book today for a rollicking good read.

Add CommentViews: 3597

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