Big week ahead for Currency Exchange Pairings

Especially for Sterling against the Euro and the US Dollar - GBP/EUR and GBP/USD.

We have rate decisions in both the US and EU.

Expect volatility in GBP/USD and GBP/EUR as a result.

Both central banks are expected to raise interest rates again, however any clues on future rates may well be the interesting bit.

The EU is probably behind the curve of other central banks and has a few rate rises left in the tank. That will underpin the value of the Euro over the coming months.

The US Dollar faces a different story.

One reason the US Dollar has been weak lately is that markets are expecting the Federal Reserve to begin cutting interest rates by the end of the year. It’s a brave call given we’re in May and they are still raising rates!

But with US inflation subsiding quickly and a raft of US bank failures, it’s not as crazy as it first sounds.

Meanwhile the Bank of England is preparing for its 12th consecutive interest rate increase. Ouch! The decision will come Thursday week - 11th May.

Our guess is it will be the top of the cycle for UK interest rates, particularly as the latest survey of inflation expectations dropped to 5.2%.

Bear in mind, interest rate hikes have been supporting the value of the Pound over the past year or so.

For now, the Pound to Euro trend looks choppy and Pound to Dollar trend has an upward bias.

So what next, what should you do?

Looking to transfer currency?

Give us a call to discuss your requirements on 01872 487 500.

To find out our latest rates, just click below.

Benefits of using Key Currency:

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: 

Wednesday 3rd May 2023 at 11:20

£1.00 GBP = 1.1337 EURO

£1.00 GBP = 1.2515 USD

£1.00 GBP = 1.8793 AUD

£1.00 GBP = 2.0111 NZD

£1.00 GBP = 1.7052 CAD

• 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

Pound surges on ugly UK inflation

Yes indeed - bad news can be Good News, for currencies anyway.

This morning the UK inflation rate has held above 10%.

While not great for the economy, it has given the Pound a big boost.

In recent times, currencies have been underpinned by expectations of more interest rate increases.

That trend continues.

You would have to say the overall trend in GBP/USD is positive and GBP/EUR is choppy with a negative bias.

Put simply, the Pound looks to be doing well against the US Dollar but is struggling against the Euro.

Those looking to buy Euros or US Dollars with their Pounds...

You may wish to take advantage of the bounce in the Pound today.

So what next, what should you do?

If you have upcoming requirements, please get in touch so we can discuss target rates and market trends.

To speak to a member of our team, call us on 01872 487 500.

Or to find out the latest exchange rates, click below.

Benefits of using Key Currency:

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: 

Wednesday 19th April 2023 at 12:45

£1.00 GBP = 1.1353 EURO

£1.00 GBP = 1.2398 USD

£1.00 GBP = 1.8503 AUD

£1.00 GBP = 2.0060 NZD

£1.00 GBP = 1.6675 CAD

• 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