Bank of England cuts Interest Rates to record low

This morning the Bank of England cut interest rates to a record low in response to the Coronavirus outbreak.

Later today, more stimulus is expected in the first Budget of Boris Johnson's majority government.

Historically, Pound Sterling has not performed well in moments of crisis.

The usual ‘risk aversion’ rules look to be kicking in.

Sterling has been selling off against JPY/EUR/USD/CHF – which are seen as 'safe havens' in times of trouble.

With all that's going on, the sentiment around currencies is changing extremely quickly.

If you would like to gain some certainty, consider securing an exchange rate today.

Call us on 01872 487 500 to discuss your plans or to find out the latest rates, request a quote below.

To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

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.

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.
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