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A quick summary of what’s happening
Pound jumps to 1-month high against Euro
The Pound is having a good run against the Euro, Aussie and Kiwi, but is struggling against the US Dollar.
The US Dollar is exceptionally strong against other major currencies at the moment.
We attribute a lot of that to geopolitical fear as things are kicking off in the Middle East. It’s known as a ‘risk-off’ market.
The other key factor is that opinion on interest rates is changing rapidly.
The reason is inflation is proving to be sticky.
Today’s UK inflation reading is a case in point. Once against, inflation has come in above expectations.
Core inflation is still sitting above 4% - more than double the Bank of England’s 2% target.
Hard to see any rate cuts happening without a big drop in inflation.
The US Fed has come to the same sort of conclusion, pushing back expectations of cuts until later this year.
The Europeans are less clear but you would think they are largely in the same boat.
Moreover, there’s a fair bit of volatility in exchange rates right now.
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, best to get in touch to discuss current exchange rates, market strategies and upcoming events.
Get in touch so we can help you take advantage of any favourable moves.
You can speak to a member of our team on 01872 487 500.
To find out our latest rates, click below.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Thursday 18th April 2024 at 15:00
£1.00 GBP = 1.1705 EURO
£1.00 GBP = 1.2455 USD
£1.00 GBP = 1.9355 AUD
£1.00 GBP = 2.1050 NZD
£1.00 GBP = 1.7040 CAD
£1.00 GBP = 1.1340 CHF
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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.
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Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.
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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
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