A big week for Currency Markets

The Pound sinks on inflation news ahead of a big week for currency markets.

Today we have the latest data of UK inflation. It’s good news for the people and bad news for the Pound.

UK inflation is not just falling, it’s falling faster than expected.

It’s such a key number for the Pound.

Tomorrow the Bank of England meet again and another 0.25% rate increase is expected.

Will it be the top? Probably is the answer. And that’s the reason the Pound is falling.

Higher inflation and interest rates have been underpinning the Pound throughout 2023. But that positive catalyst may be coming to an end.

Last week the ECB made it clear that rates have peaked in Europe.

It hasn’t helped the Euro.

In fact, the Euro has fallen for 9 weeks in a row against the US Dollar.

As always, exchange rates are responding to the latest news and events.

So what next, what should you do?

Have you read our Guide to Foreign Currency Exchange yet?

Download the Guide Here - with no obligation of course.

If you are looking to make a transfer, please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click on the link 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 20th September 2023 at 10:30

£1.00 GBP = 1.1565 EURO

£1.00 GBP = 1.2369 USD

£1.00 GBP = 1.9127 AUD

£1.00 GBP = 2.0814 NZD

£1.00 GBP = 1.6630 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.

  

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  • 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