Euro Jumps to 2 Week High

The Euro has climbed to its highest levels against the Pound since the 10th of May.

It could prove temporary.

The unique differentiator for the Pound in the last 6 months has been the rapid vaccine roll-out.

At present, 72% of UK adults have had their first vaccine.

In comparison, it’s only 35% in Europe - less than half the UK’s level.

The expected economic benefits of this have boosted the Pound.

In fact, the Pound’s performance so far in 2021 has been second only to the Canadian dollar among the world’s 10 leading currencies.

So the recent wobble in the Pound may just be profit taking as restless traders await fresh economic data.

As always, you never want to take favourable rates for granted.

Sometimes currency markets look far into the future and begin to adjust exchange rates well before new events occur.

In the latter half of 2021, the marginal advantage of the vaccine roll-out will shift from the UK to Europe, and the Pound’s gain could unwind.

If you would like some guidance on rates and timing, please get in touch.

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

Or to find out our latest exchange rates, click 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.

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