Pound holds up despite lockdown risk

The Pound has been remarkably resilient this week despite the new lockdown measures.

It’s not good news for the battered UK economy.

The three-tier system will cause plenty of financial tears, the longer it goes on.

Why’s the Pound not crashing down?

It’s being supported by hope for a breakthrough on Brexit.

Hope being the operative word.

As always, it’s tricky to know what to believe with Brexit.

While the EU’s Michel Barnier says we are inching towards a deal, the French minister, Jean-Yves Le Drian, says a no-deal Brexit looks likely at this point.

We would be more calm if the markets were more nervous.

It seems to us that there is a degree of complacency about the political risks hovering over GBP.

If you need to transfer money abroad, you may wish to protect yourself from the turmoil ahead by securing a favourable exchange rate.

To speak to a trader, call us on 01872 487 500.

Or to find out our latest rates, please click 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:

Wednesday 14th October 2020 at 09:30

£1.00 GBP = 1.0979 EURO

£1.00 GBP = 1.2891 USD

£1.00 GBP = 1.7970 AUD

£1.00 GBP = 1.9351 NZD

£1.00 GBP = 1.6929 CAD

£1.00 GBP = 21.3063 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.
Download our "Buying A Property in France" Guide PDF document.
If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

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