Clé France

It’s a topsy turvy time for GBP to Euro.

The market seems to be ignoring economic news at the moment as we await Brexit developments.

With only 10 weeks to go, there is still hope that a last-minute deal can be struck.

Some analysts are stating that they see limited upside in Sterling even if a deal can be reached.

The wider problem is the outlook for the UK economy.

The Bank of England is considering negative interest rates.

But we have no historical example of a country combining negative rates with a large trade and budget deficit.

Investors are scratching their heads as to what currency impact that would have.

Do three negatives make a positive?

Lingering in the background is also the imminent US election.

That will also bring uncertainty for global politics and currency pairs going forward.

There is always an element of uncertainty in exchange rates, but right now we face an abnormal degree of complex events with unpredictable outcomes.

Amidst this situation, you may consider locking-in a rate for peace of mind.

If you would like to discuss your options, you can speak to one of our experienced team 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 28th October 2020 at 09:20

£1.00 GBP = 1.1083 EURO

£1.00 GBP = 1.3045 USD

£1.00 GBP = 1.8272 AUD

£1.00 GBP = 1.9454 NZD

£1.00 GBP = 1.7222 CAD

£1.00 GBP = 21.1986 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