Pound up, but beware the R-word
The Pound has started the week with a boost.
It’s up against both the Euro and US Dollar.
However, economists are predicting a UK recession - potentially lasting until 2024.
That’s an ominous prediction.
If the UK economy is in fact shrinking, the Pound strength we’ve seen could be short-lived.
Buyers of Euros or Dollars should keep this in mind.
All important GDP data is out on Friday.
This will tell us a lot more about the health of the UK economy.
So what next, what should you do?
If you’re looking to make a currency transfer, you could save money by discussing timing and rates with your Account Manager.
Click below to get an exchange rate quote or call 01872 487 500.
Current rates:
Tuesday 8th November 2022 at 10:00
£1.00 GBP = 1.1490 EURO
£1.00 GBP = 1.1493 USD
£1.00 GBP = 1.7739 AUD
£1.00 GBP = 1.9363 NZD
£1.00 GBP = 1.5513 CAD
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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.
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Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.
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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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For everything you need to know about French property visit www.clefrance.co.uk