Pound surges over 9% since March slump

As things stand, the Pound has clawed back much of its March losses.

To recap, panic selling led to the Pound getting savagely dumped in favour of the Euro and US Dollar.

With investors now becoming more optimistic, the Pound has since lifted.

We appreciate that most of the news recently has rightly focused on the ‘health crisis’.

The ‘economic crisis’ is coming next.

Globally, there will be a recession. That’s inevitable.

The true economic impact of the coronavirus won’t be fully realised for a while yet.

Given the extremity of events, there will be further significant shocks to come in the currency markets over the coming weeks and months.

If you need to move money abroad, please get in touch with a member of the Key Currency team and they will be on hand to discuss the timing and execution of the trade with you.

Managing your currency exposure effectively now will give you one less thing to worry about down the line.

We continue to provide our usual service. Our banking and payment systems are operating as normal.

To speak to one of our traders, call us on 01872 487 500.

If you would like to find out the latest rates, simply request a quote below.

Thanks For Reading, What Next?

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.

Current rates:

Tuesday 14th April 2020 at 10:40

£1.00 GBP = 1.1459 EURO

£1.00 GBP = 1.2538 USD

£1.00 GBP = 1.9646 AUD

£1.00 GBP = 2.0608 NZD

£1.00 GBP = 1.7439 CAD

£1.00 GBP = 22.9171 ZAR

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.
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