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Jun 12

Hedge funds bet against Sterling

Has the exchange rate bottomed out?

While Sterling lifted off 5-month lows against the Euro yesterday, it could be a short-lived recovery.

Reuters has reported that hedge funds have been building up their negative bets on Sterling in recent weeks.

The ‘race to replace’ May has brought with it increased uncertainty.

Boris remains the clear favourite to become the next PM.

He seems determined to leave the EU with our without a deal – which is placing the Pound under pressure.

However, as we know...

Nothing is guaranteed when it comes to Brexit.

Labour is already working on a cross-party plan to make a no-deal Brexit illegal.

If you need to sell Euros at present, you might consider taking advantage of Sterling weakness and locking-in a rate of exchange.

On the other hand, if you need to purchase EUR from GBP then you need to weigh up whether you can afford for the rate to fall any further.

Although the rate has been higher, it’s also been a lot lower too.

Please contact us directly on 01872 487 500 to discuss this in more detail.

Or to find out current exchange rates, please click on the link below.

Click here for a Free quote.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 12th June 2019 at 13:10

£1.00 GBP = 1.1253 EURO

£1.00 GBP = 1.2741 USD

£1.00 GBP = 1.8335 AUD

£1.00 GBP = 1.9369 NZD

£1.00 GBP = 1.6945 CAD

£1.00 GBP = 18.8086 ZAR

Cle France Currency Guide link

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

Add CommentViews: 179
Jun 10

Father's Day in France Celebrations

Father's Day / La Fete Des Pères - In French

La Fete des Pères (Father’s Day) is just around the corner!

Unlike la Fete des Mères (Mother’s Day), cette fete (this holiday) doesn’t involve remembering two different dates when you’re from the UK or les États-Unis! 

In both France & UK and aux USA, la fete falls on the third Sunday of June.

La Fete des Pères is both a new and old holiday. The tradition of having a day of celebration for your father goes back to at least le Moyen Age, but the modern holiday is more of an American export.

In every version of la Fete des Pères throughout history, I imagine it has always been difficult to know what exactly to get un papa (a dad) for leur fete.

Even today it can still be difficult, but fortunately a lot of dad gifts have become standard over the years.

Of course, les papas will be content with a good laugh when they make a corny joke, and in that spirit of les blagues nulles (bad jokes) or dad jokes, stores everywhere stock up with novelty ties, mugs, shirts, and any other dad gift you can think of.

It boils down to finding a million way to say: Le meilleur papa du monde! / The best dad in the world!

Peu importe (no matter) how bad le jeu de mots (play on words), the most important part of la fete des pères is having la famille (the famil) send a loving message:

Papa, je t’aime ! / Dad, I love you!

To get ready for la fete, take a moment to learn how to say some of the gifts un papa would expect on his special day.

Voici un vocabulaire des papas :

Le père – Father

Le papa – Dad, Daddy

Le grand-père – Grandfather

Le papy – Grandpa

Le cadeau – Gift

La cravate – Tie

Le mug – Mug

La grande tasse – Mug

Le T-shirt – T-shirt

Le rasoir – Razor

Le massage – Massage

Les chaussons – Slippers

Les pantoufles – Slippers

La tondeuse – Lawnmower

Le gril – Grill

La casquette – Baseball Cap!

Cle Mortgages

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

Add CommentViews: 678
Jun 3

Pound Sterling: here’s what’s happening right now

It’s a strange situation we are facing…

On the one hand, we have Boris Johnson as favourite to be the next Prime Minister.

He’s made it clear he wants the UK to leave the EU on 31 October – with or without a deal – which is Pound negative.

On the other hand, Jeremy Corbyn is pushing to prevent such a scenario and making noises about a 2nd referendum – which is Pound positive.

So we are left in no man’s land.

But the current low level of volatility should not be mistaken for safety.

It’s quite the opposite.

The Pound is poised to surge or collapse – we just don’t know which.

If you need to sell Euros at present, you might consider taking advantage of Sterling weakness and lock-in a rate of exchange.

On the other hand, if you need to purchase EUR from GBP then you need to weigh up whether you can afford for the rate to fall further.

Please contact us directly on 01872 487 500 to discuss this in more detail.

Or to find out current exchange rates, please click on the link below.

Click here for a Free quote.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Monday 3rd June 2019 at 10:40

£1.00 GBP = 1.1298 EURO

£1.00 GBP = 1.2631 USD

£1.00 GBP = 1.8209 AUD

£1.00 GBP = 1.9324 NZD

£1.00 GBP = 1.7079 CAD

£1.00 GBP = 18.4028 ZAR

Cle France Currency Guide link

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

Add CommentViews: 206
May 29

Pound Alert - 1 Month Lows

The Pound remains under a cloud of uncertainty.

We are now facing a protracted leadership battle.

The voting process may in fact take a few months to play out from here.

The new PM would then have to bounce from the Conservative Party Conference (29th Sept) to the EU Council Meeting (17th Oct) to the Brexit deadline (31st Oct).

In other words, the new PM will be given very little time to get anything done.

With so little clarity on the path ahead, it’s not good news for Pound Sterling.

If you need to sell Euros at present, you might consider taking advantage of Sterling weakness and locking-in a rate of exchange.

On the other hand, if you need to purchase EUR from GBP then you need to weigh up whether you can afford for the rate to fall further.

Although the rate has been higher, it’s also been a lot lower too.

Please contact us directly on 01872 487 500 to discuss this in more detail.

Or to find out current exchange rates, please click on the link below.

Click here for a Free quote.

Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 29th May 2019 at 15:25

£1.00 GBP = 1.1338 EURO

£1.00 GBP = 1.2661 USD

£1.00 GBP = 1.8270 AUD

£1.00 GBP = 1.9339 NZD

£1.00 GBP = 1.7074 CAD

£1.00 GBP = 18.6187 ZAR

Cle France Currency Guide link

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

Add CommentViews: 130
May 22

What will happen to the Pound if May Resigns?

The Pound has drifted sideways for several days now.

But things are about to get interesting.

Theresa May is set for her fourth and final attempt to pass her Brexit deal.

It doesn’t look good. Her latest deal is now appealing to the Opposition not her own party.

It’s very likely that soon we will have either a ‘Hard Brexit’ conservative or Jeremy Corbyn as Prime Minister.

Neither are good news for Pound Sterling.

If you need to sell Euros at present, you might consider taking advantage of Sterling weakness and locking-in a rate of exchange.

On the other hand, if you need to purchase EUR from GBP then you need to weigh up whether you can afford for the rate to fall further.

Although the rate has been higher, it’s also been a lot lower too.

Please contact us directly on 01872 487 500 to discuss this in more detail.

Or to find out current exchange rates, please click on the link below.

Click here for a Free quote.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 22nd May 2019 at 15:20

£1.00 GBP = 1.1320 EURO

£1.00 GBP = 1.2638 USD

£1.00 GBP = 1.8371 AUD

£1.00 GBP = 1.9455 NZD

£1.00 GBP = 1.6931 CAD

£1.00 GBP = 18.1488 ZAR

Cle France Currency Guide link

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

Add CommentViews: 107

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