The Exit Polls were just about right.

The UK election panned out as expected

The Pound - it didn’t really move much, it was all phased in anyway.

The Euro - it also found some support as French elections look headed for a hung parliament, calming political risks.

The US Dollar - it has been a bit weaker of late as there is growing pressure on Joe Biden to stand aside and not seek re-election.

Other than that, it would seem we are back to focusing on inflation and interest rates.

I would describe the current trend in GBP/EUR as quite choppy but ultimately range bound.

Whereas, GBP/USD has an upward bias as it’s hovering near 1-month highs.

Summer trading can be more volatile as there’s thinner volumes, so keep an eye out for opportunities.

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 an upcoming requirement, please get in touch so we can keep an eye on rates for you.

If you would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

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 10th July 2024 at 14:00

£1.00 GBP = 1.1830 EURO

£1.00 GBP = 1.2805 USD

£1.00 GBP = 1.8990 AUD

£1.00 GBP = 2.1070 NZD

£1.00 GBP = 1.7445 CAD

£1.00 GBP = 1.1505 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.

  

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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.
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For everything you need to know about French property visit www.clefrance.co.uk

Less than 24 hours until election day

With Brits set to vote tomorrow, what does it mean for the Pound?

We tend to avoid politics and we were going to keep quiet but this information may help some of you...

Most analysts think a landslide victory for Labour will be the most positive outcome for the Pound.

That’s because it would provide greater political stability and potentially improved UK-EU relations.

You would expect a Labour victory is already priced into the Pound.

So tomorrow is more about the size of the majority and any unexpected results from other parties.

Following the initial market move, we expect investors will want reassurance that a Labour government will be fiscally responsible and keep spending fairly tight.

If Labour were to start a spending spree it would likely cause the Bank of England to delay interest rate cuts – the first of which is expected next month.

We all know from the 49 days that Liz Truss was in office, investor confidence matters.

All being well in the UK, there will still be volatile times ahead as the French and US elections get underway. This will obviously impact GBP/EUR and GBP/USD.

Central banks are struggling to provide much forward guidance this year.

The US Federal Reserve, the big daddy of them all, was expected to make 6 interest rate cuts in 2024, now it looks like it could be only 1.

It’s a good indication of the uncertainty in markets.

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 an upcoming requirement, please get in touch so we can keep an eye on rates for you.

If you would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

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?

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