There are lots of mixed signals at the moment
UK Rate Decision Today!
It explains the erratic moves in the major currency pairs, where trends have been short-lived.
In the UK, economic growth is weak, yet we have strong wage growth.
It puts the Bank of England in a quandary.
No bother, central banks are masters of saying a lot while saying nothing at all.
Will we get a rate cut over summer?
“It’s not unreasonable to believe” is the answer.
Meanwhile, the Europeans look set to cut rates in June. “It would seem plausible” was the coded language used. That’s about as direct as it gets from a central bank.
As the for the US, the Fed are looking to “gain confidence” before they start cutting.
Bottom line, Europeans to cut rates in June, then probably the UK over the summer and the Americans later in the year.
In simple terms, relative to the Pound that would weaken the Euro and strengthen the Dollar.
But as we know there is a lot of noise beyond the headlines.
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.
Markets are volatile, so please do reach out to the team if you have any upcoming requirements to protect.
You can call us 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:
Wednesday 15th May 2024 at 11:00
£1.00 GBP = 1.1660 EURO
£1.00 GBP = 1.2520 USD
£1.00 GBP = 1.8995 AUD
£1.00 GBP = 2.0815 NZD
£1.00 GBP = 1.7205 CAD
£1.00 GBP = 1.1425 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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How to get ahead of the pack with your future French Property Purchase
Why Open a Currency Account so soon?
It is never too early to prepare, we are seeing some properties going 'Under Offer' within days, especially in the lower budget brackets and one way for you to be prepared [and be ahead of the pack] is to be registered and ready to make a deposit payment on the property you want to buy [other currency parings are similar is GBP to USD].
What is the Current Status?
Sterling exchange rates are outperforming against the Euro, today, GBP to EUR is over 1.17, a solid level which gives enough of a case for Pound to Euro exchange rates to push up further in the near term.
This week, we have a few important releases before the Bank Holiday weekend, EU Consumer Confidence, UK Mortgage Approvals, US Fed Interest Rate Decision and Employment Data, but will they be a shock to the market?
So how can I protect my property budget?
The first step in protecting your overseas property budget would be to register with Key Currency, it’s free and there’s no obligation to trade. By doing so you get ahead of the pack because you can move quickly when you find that house of your dreams.
Click below for a free quote from Key Currency.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Tuesday 30th April 2024 at 10:00
£1.00 GBP = 1.1715 EURO
£1.00 GBP = 1.2550 USD
£1.00 GBP = 1.9210 AUD
£1.00 GBP = 2.1100 NZD
£1.00 GBP = 1.7175 CAD
£1.00 GBP = 1.1440 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
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