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Aug 11

Currency Exchange News - Thursday 11th August 2022

Pound down but not out

Weather outlook: sunny

Pound outlook: cloudy with the chance of a storm

Last week the Bank of England raised rates again (as expected) but also warned the UK could be facing a recession lasting 5 quarters.

The Pound is also grappling with political uncertainty as we await a new Prime Minister – though the odds suggest this is a done deal.

However, there could be something big brewing…

The recent talk is that we may be getting close to ‘peak inflation’.

It explains why stock markets are suddenly surging back up.

If that becomes true, then the doomsayers may retreat to their caves and those currencies hardest hit (such as the Pound) would have the most to gain.

In currency markets, one person’s risk is another’s opportunity.

If you have an upcoming currency transfer, exchange rate movements are so important.

It could be hugely beneficial to speak to one of our account managers and discuss the timing of your transfer.

Click the link below to get a free quote or call 01872 487 500.

Current rates: 

Thursday 11th August 2022 at 10:16

£1.00 GBP = 1.1827 EURO

£1.00 GBP = 1.1220 USD

£1.00 GBP = 1.7222 AUD

£1.00 GBP = 1.9044 NZD

£1.00 GBP = 1.5601 CAD

£1.00 GBP = 19.8384 ZAR

  • 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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Jul 27

Pound soars to near 3-month high vs Euro

The Pound has hit its highest point against the Euro in nearly 3 months.

While the Pound has had a tough time lately, the Euro has come under pressure this week.

First, Russia has cut off energy supplies from its main pipeline to Europe.

Secondly, the interest rate increases in the EU are triggering fears that southern European countries such as Spain, Italy and Greece, may be thrown into recession.

Inflation is still the main issue right now.

Last week, the European Central Bank went bigger than expected with a 50-basis point increase.

In the US, a 75-basis point rate increase looks likely on Wednesday evening.

And next week, the Bank of England make its interest rate decision.

After years of nothing, Central Bank meetings are full of fireworks.

So what next, what should you do?

As speculation swirls around global interest rate hikes, exchange rates are likely to continue to be volatile.

If you have a currency transfer in mind, get in touch with your account manager who can discuss it with you.

Click the link below to get a free quote or call 01872 487 500.

Current rates: 

Wednesday 27th July 2022 at 11:50

£1.00 GBP = 1.1884 EURO

£1.00 GBP = 1.2062 USD

£1.00 GBP = 1.7364 AUD

£1.00 GBP = 1.9342 NZD

£1.00 GBP = 1.5509 CAD

£1.00 GBP = 20.3461 ZAR

  • 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: 172
Jul 20

Euro rebounds to 2-week high against Pound

The Euro has rallied this week after some tough times.

There is currently speculation a 0.5% interest rate increase may happen in the EU.

This would be a bigger increase than expected, showing Europe is getting more aggressive towards inflation.

The recent rise in the Euro could present a good opportunity for Euro sellers to act.

In the UK, data shows the gap between inflation and wages is increasing.

In simple terms, our living standards are falling.

It’s not good for the man on the street or for the strength of the Pound.

As the world battles inflation, uncertainty in currency markets looks set to continue.

If you have a currency transfer in mind, it could pay to talk it over with your account manager.

Current rates: 

Wednesday 20th July 2022 at 10:00

£1.00 GBP = 1.1733 EURO

£1.00 GBP = 1.2005 USD

£1.00 GBP = 1.7385 AUD

£1.00 GBP = 1.9236 NZD

£1.00 GBP = 1.5449 CAD

£1.00 GBP = 20.5841 ZAR

  • 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: 148
Jul 14

Happy Bastille Day

We at Cle France are still working ergh! but... Happy Bastille Day to everyone!

Happy Bastille day from Cle France

What do people do on Bastille day?

Many people attend large-scale public celebrations. These often include:

Military and civilian parades.

Musical performances.

Communal meals.

Dances.

Balls.

Spectacular fireworks displays.

There is a large military parade in Paris in the morning of July 14. Service men and women from various units, including cadets from military schools, the French Navy and the French Foreign Legion, participate in the parade. The parade ends with the Paris Fire Brigade. Military aircraft fly over the parade route during the parade. The French president opens the parade and reviews the troops and thousands of people line the route. Other people spend the day quietly and eat a celebratory meal or picnic with family and close friends.

Some Helpful french phrases.

Cette semaine on fête le 14 juillet ou la fête nationale or Bastille Day as it’s known in English speaking countries. Le 14 juillet is something like la version française (the French version) of the fourth of July.

Pendant le 14 juillet there are a few big celebrations: le défilé militaire (the military parade) during the day and then at night les spectacle de feux d’artifice (the fireworks shows). However, cette semaine (this week) I learned something about les feux d’artifice that I didn’t know before.

Au 13 juillet, while at home I suddenly heard the loud bangs des feux d’artifice going off in the distance. I thought I’d missed le spectacle!

It turns out that les spectacles de feux d’artifice are spread out over a few days. Smaller towns have their spectacles earlier so that everyone is sure to come to the bigger cities during la fête nationale.

One other way to fêter (celebrate) is, bien sûr, to have a good time avec tes amis (with your friends). Just be careful, if you have too much fun you might wake up the next day with la gueule de bois (a hangover)!

Voici un petit vocabulaire de feux d’artifice :

Black snakePharaoh’s serpent le serpent du pharaon

Bottle - rocket la fusée

Firecrackerle pétard

Fireworkle feu d’artifice

Fireworks showle spectacle de feux d’artifice

Fountainla fontaine

Roman candlela chandelle romaine

Sparkler - le cierge magique

Public life

Bastille Day is a public holiday in France so post offices, banks, and many businesses are closed. Restaurants and cafes outside of tourist areas may also be closed. However, bakeries and some stores in Paris, as well as at airports and railway stations and along major highways, are open.

Public transport service schedules vary depending on where one lives and intends to travel. Roads in the centres of villages, towns and cities (particularly in Paris) may be closed for parades and other large public events.

Background

The Bastille is a medieval fortress and prison in Paris. Many people in France associated it with the harsh rule of the Bourbon monarchy in the late 1700s. On July 14, 1789, troops stormed the Bastille. This was a pivotal event at the beginning of the French Revolution. Fête de la Fédération was held on July 14, 1790. This was a way to celebrate the establishment of a constitutional monarchy in France.

Official celebrations were held in Paris on June 30, 1878, to honour the Republic of France. On July 14, 1879, more official celebrations were held. These included a military review in Longchamp near Paris and celebrations all over the country. A politician named Benjamin Raspail proposed that July 14 should become a holiday in France in 1880. The law was enacted on July 6, 1880. Bastille Day was a public holiday for the first time on July 14, 1880.

The military parade in Paris has been held every year since 1880, except during World War II. The Free French Forces paraded on this date in London, England from 1940 until 1944. Jean Michel Jarre held a concert in Paris that attracted one million people, then the largest recorded crowd at an outdoor concert, in 1979. Special celebrations were held for the 200th anniversary of the French revolution in 1989. The French football team became world champions on July 12, 1998. This sparked celebrations throughout France on Bastille Day.

Bastille Day celebrations are held in French communities and the Institut de France around the world. Such events in the United States are held in Milwaukee, Minneapolis, New York City, Philadelphia, San Francisco and Seattle. There are festivals of French culture in Franschhoek, South Africa, and Hungary.

Symbols

The Eiffel Tower in Paris and the French national flag, or tricolour, are important symbols of Bastille Day. The French national flag is one-and-a-half times as wide as it is tall. It consists of three vertical bands of equal width coloured blue, white and red. The same colours are displayed in bunting and banners of many shapes on Bastille Day. People may also wear clothing or face paint in these colours.

health insurance

Blog submitted by: Alex at The French Property Network - Cle France.

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Jul 14

Bastille Day - Marianne

July 14th (le 14 Juillet), Bastille Day, is the French national holiday commemorating the start of the French revolution in 1789. The end of the French revolution led to a series of Republics, one of the symbols of which is la Marianne.

Named for the two most common woman’s names at the time, Marie and Anne, Marianne is a national symbol of France representing liberty and the importance of reason. Her image appears on stamps, on government documents, and a bust of her appears in les mairies (the town / city halls) of France.

Early images of Marianne were based on anonymous models, however since 1969 they have been based on the features of famous woman including Brigitte Bardot, Catherine Deneuve, the model Inès de La Fressange, and more.

Cle France Marianne

Cle Mortgages

Blog submitted by: Alex at The French Property Network - Cle France.

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