Key Alert - Interest Rate Decision Today

The Pound’s uptrend has continued vs the Euro.

Last week the GBP/EUR touched 5-month highs.

Today will be a good test of that strength.

We have a UK interest rate decision. While no change in rates is expected, it’s the talk around the decision that gets tongues wagging.

Could be a volatile session ahead.

Bear in mind other leading countries have begun to cut rates, so there is pressure building on the UK to follow suit.

For those interested in Pound to Euro, it’s always worth having a chat with your account manager so you are prepared for any opportunities.

As for Pound-to-Dollar, it’s been fairly choppy week so far.

We expect plenty of action later in the week. Non-farm payrolls come out Friday. It’s always a big number for the Dollar.

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.

Please get in touch if you would like to discuss the current trends and rates further.

You can speak to a member of our team on 01872 487 500.

For the latest rates, please 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: 

Thursday 1st February 2024 at 10.30

£1.00 GBP = 1.1715 EURO

£1.00 GBP = 1.2645 USD

£1.00 GBP = 1.9390 AUD

£1.00 GBP = 2.0765 NZD

£1.00 GBP = 1.7010 CAD

£1.00 GBP = 1.0920 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

GB Pound Turns Positive vs Euro & Dollar

News of the UK’s fall in borrowing didn’t result in much upward movement.

However, reports have recently been released stating that the UK economy is in growth territory in January.

At the same time, the Eurozone has seen reports of the opposite.

This has led to the Pound hitting its highest rate vs the Euro in 4 months.

Most expect the ECB to hold their interest rates again once it is announced this week. With this, the Pound could continue to gain vs the Euro.

As for GBP/USD, it has been a week of uptrend in favour of the Pound, surprising forecasters.

Many were waiting for negative reports on the UK economy, and the Dollar was the one tipped to see gains.

Goes to show how hard it is to predict these markets!

But with releases around US durable goods and GDP set to be announced over the next two days, changes could still occur.

Elsewhere, following weeks of gains for the Pound, GBP/NZD has remained choppy over the last 7 days.

New Zealand announced a fall in inflation from 5.6% to 4.7%. This seems to have helped steady the ship.

That’s all for this week.

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 want to discuss the current market trends further then be sure to give a member of our team a call on 01872 487 500.

For the latest rates, please 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: 

Thursday 25th January 2024 at 10.00

£1.00 GBP = 1.1685 EURO

£1.00 GBP = 1.2730 USD

£1.00 GBP = 1.9325 AUD

£1.00 GBP = 2.0780 NZD

£1.00 GBP = 1.7190 CAD

£1.00 GBP = 1.0990 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