Pound Sterling has a big bounce.
The Pound has been the big winner in the past couple of weeks…
Against the Euro, it now sits near 3-week highs.
And against the US Dollar, it’s back to near 12-month highs.
It’s a great comeback given Pound Sterling got sold off savagely at the start of the month.
But it’s not got much to do with UK specific news.
If anything, UK economic data has been lacklustre lately.
The comeback is being driven by global forces, the Pound is at the mercy of investor risk sentiment.
And investors have calmed down over the past fortnight.
That’s why stock markets have bounced.
Another side effect is that investors have rotated back into the Pound and away from safe haven currencies like JPY, CHF and EUR.
I wouldn’t get complacent though.
These things can change quickly. It’s likely that further volatility lies ahead (from you know who).
So what next, what should you do?
If you have a currency requirement, please do get in touch as it pays to keep a close eye on rates.
To speak to a member of our team, just call 01872 487 500.
Or to find out our latest rates, click below.
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Kind regards,
David Evans
Co-Founder of Cle France.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Tuesday 29th April 2025 at 10:30
£1.00 GBP = 1.1775 EUR
£1.00 GBP = 1.3410 USD
£1.00 GBP = 2.0900 AUD
£1.00 GBP = 2.2485 NZD
£1.00 GBP = 1.8555 CAD
£1.00 GBP = 1.1070 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
|
Wild Swings in Big Currencies
Let us try and makes sense of it for you.…
Right now, we are seeing some wild swings in the major currencies.
The market’s main theme recently has been a shift towards risk aversion as scared money seeks safety.
Usually, the US Dollar is considered a safe haven in uncertain times, but not this time.
Money is flowing out of the US Dollar and looking for calmer waters.
Typical safe haven currencies such as the Swiss Franc and Japanese Yen have seen big inflows (as expected).
But given its deep liquidity and lack of alternatives, the Euro has also been a somewhat surprising beneficiary as investors shift away from the US Dollar.
The Euro’s ascent has led to a rapid fall in the Pound to Euro rate. GBP/EUR slumped to 17-month lows late last week.
However, in the last few days, we’ve seen the Pound stage a small comeback against the Euro as investors nerves have calmed down a little.
But it’s likely there will be many more twists and turns to come.
Big announcements from the White House are literally happening daily, so expect more see-sawing moves.
Aside from tariff news, the UK is set to release the latest unemployment and inflation data later this week.
And the European Central Bank has an interest rate decision on Thursday – which tends to be a high impact event for the Euro.
Lots to consider before Easter.
So what next, what should you do?
As always, it’s best to keep a close eye on exchange rates so you can make the most of the opportunities.
Be sure to reach out so we can discuss the best options for you..To speak to our team, call 01872 487 500.
To find out our latest rates, just click below
.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Tuesday 15th April 2025 at 09:30
£1.00 GBP = 1.1650 EUR
£1.00 GBP = 1.3230 USD
£1.00 GBP = 2.0810 AUD
£1.00 GBP = 2.2385 NZD
£1.00 GBP = 1.8330 CAD
£1.00 GBP = 1.0770 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
|
|
Follow Us for the Latest Info
