Pound, Euro and Dollar in summer showdown

Most of the big news lately came from the little Portuguese town of Sintra.

Each year Sintra plays host to the ECB Forum on Central Banking.

Basically, the super nerds soak up the sun while discussing interest rates and inflation.

As we enter the second half of 2023, what have we learnt?

The Bank of England chief believes the market is wrong that inflation will be “short-lived” ie don’t expect rate cuts any time soon.

The European Central Bank hinted at another rate rise this month and rolled out its usual cliches about inflation being “too high”.

US Fed Chief, Jerome Powell, said he was “not averse” to interest rate hikes at their next two meetings.

All in all, they kind of cancelled each other out with their tough talk.

Despite a bit of choppiness lately, the Pound still looks to be in a medium-term uptrend against the Euro and Dollar.

We have warned that all currencies are hyper-sensitive to inflation news right now.

So what next, what should you do?

As always, we are on the look-out for the best opportunities.

To discuss your requirements, you can speak to us on 01872 487 500.

Click below to get the latest rates.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 5th July 2023 at 11:50

£1.00 GBP = 1.1675 EURO

£1.00 GBP = 1.2702 USD

£1.00 GBP = 1.9071 AUD

£1.00 GBP = 2.0548 NZD

£1.00 GBP = 1.6882 CAD

• 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

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

Change your subscription