Market Opinion for GBP / EUR and GBP / USD

One of the truths in finance is “nothing moves in a straight line”.

Whether it’s currencies, share prices or your own money (that mostly goes down).

And that’s the core problem for central banks today.

Is inflation still going down or is it headed back up?

In the UK, inflation didn’t budge last month (it was expected to fall). In Australia, it was announced today that inflation has jumped back up. And in the US, it headed back up in July and August after falling heavily at the start of the year.

It matters a lot for currencies.

Inflation drives interest rates. And interest rates drive currencies.

I suspect the Bank of England may pause interest rates at the next meeting. The European Central Bank is expected to do the same tomorrow.

In the absence of rate hikes, currencies may consolidate rather than trend. There can still be big moves, but they may hold within a range.

GBP/EUR and GBP/USD both look to be consolidating.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you are looking to transfer your money, please do get in touch so we can discuss rates and timing.

You can call us on 01872 487 500.

To find out the latest rates and get ahead of the pack, register with us by clicking below.

Benefits of using Key Currency:

Great exchange rates
Quick and easy transfers
No transfer fees
Expert help and guidance
Authorised by the FCA

Current rates:

Wednesday 25th October 2023 at 11:30

£1.00 GBP = 1.1465 EURO

£1.00 GBP = 1.2124 USD

£1.00 GBP = 1.9134 AUD

£1.00 GBP = 2.0820 NZD

£1.00 GBP = 1.6704 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