The new Prime Minister Liz Truss has arrived.

The Pound has turned positive with the uncertainty out of the way.

However, inflation and rising energy prices are still the main drivers of exchange rates right now.

In Europe, the main gas pipeline has been cut off by Russia, causing further energy price rises.

Tomorrow, interest rates are likely to be increased again in the Eurozone.

The UK’s interest rate decision comes next week. Another increase is likely.

A new government, an energy crisis and interest rate increases.

Could much more be happening all at once?

So what next, what should you do?

It has the potential to be a volatile week in the currency markets with widespread uncertainty.

If you have a currency transfer in mind, get in touch with your currency representative who can talk it through with you.

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

Current rates: 

Wednesday 7th September 2022 at 10:15

£1.00 GBP = 1.1607 EURO

£1.00 GBP = 1.1489 USD

£1.00 GBP = 1.7093 AUD

£1.00 GBP = 1.9058 NZD

£1.00 GBP = 1.5142 CAD

£1.00 GBP = 19.9517 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.

  

• 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

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.

  

• 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

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 us on a no-obligation phone call.

Call 01872 487 500 to get in touch or click below to get a free quote today.

Get a free quote here

Kind regards, 
David Evans 
Co-Founder of Cle France.

Cle France / Key Currency

Key Currency is the currency exchange department of Cle France Ltd, 'Cle' being the French word for 'Key', did you see what we did there?