Pound up against Euro, down on the Dollar

The Pound has looked a bit 'toppy' for a while.

Over the past few weeks, we’ve mentioned it hit highs against the likes of the US, Canadian, NZ and Australian Dollars.

These kind of runs tend not to last.

With UK inflation falling below expectations, it was a good enough excuse for the Pound to take a dip.

It’s become clear that Sterling’s strength has been largely based upon the expectation of more interest rate hikes.

You take that pillar away, and it’s a long way down.

In fact, as of yesterday the Pound has had 7 losing sessions in a row against the US Dollar.

The Pound’s trend against the Euro is almost counter-market at the moment.

Pound to Euro looks to be one of the few bright spots.

This week we have interest rate announcements from the Federal Reserve and European Central Bank on Wednesday and Thursday respectively.

Both are expected to hike rates by 0.25%.

Note, traders will focus more on what’s said about future hikes.

So what next, what should you do?

Plenty of movement in exchange rates at the moment, so please do keep in touch.

You can call us on 01872 487 500.

To find out our latest rates, click below.

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 26th July 2023 at 10:30

£1.00 GBP = 1.1653 EURO

£1.00 GBP = 1.2904 USD

£1.00 GBP = 1.9093 AUD

£1.00 GBP = 2.0763 NZD

£1.00 GBP = 1.7044 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