The Pound may well stage a comeback

Interest rates are the main talking point.

Because the UK economy is looking more fragile than the EU and US, the Bank of England may hit the pause button first.

The market is pricing in a 93% chance of another 25 basis point rate rise in the UK at the meeting later this month.

But that could well mark the top.

Data out this Friday is expected to show the British economy was flat as a pancake in the 3 months to January.

It means the Bank of England can’t really afford to slam the brakes much more without causing a recession.

In contrast, the EU and US are both indicating quite a few rates rises are still to come. Like 4-5 more.

To be clear, interest rate hikes tend to strengthen a currency. So, the net effect of all this is bad for the Pound.

Just to throw a little curve ball into the mix…

The recent UK data has been making economists look rather silly.

I don’t want to jinx it… but things look to be improving.

Should that trend continue, the Pound may well stage a comeback.

We will be watching the data closely.

If you have a currency transfer on the horizon, make sure you keep in touch.

We can help you make the most of the market opportunities.

To speak to a member of our team, call us on 01872 487 500.

Or to find out the latest rates, click below.

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