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Jan 23

Pound breaks out to best rate of the year

A bit of good news can make all the difference…

Pound Sterling surged against all the other major currencies yesterday after the UK recorded a 6-year high in business optimism.

The knock-on effect is the Bank of England is likely to back away from any interest rate cuts – which is Pound positive.

Pound Sterling now finds itself at new highs for 2020.

It’s also a reminder that there’s more to life than Brexit.

But alas, we all know the issue of Brexit will be back in the news soon enough. And that means exchange rate volatility.

So what should You do?

If you need to buy Euros and would like to take advantage of the favourable move, consider locking-in a rate.

If you need to sell Euros at present, you need to weigh up whether you can afford for the rate to fall further.

Although the GBP/EUR rate has been higher, it’s also been a lot lower too.

Sometimes certainty is the easiest path.

Find out our latest rates of exchange below or call 01872 487 500 to speak to a currency expert.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Thursday 23rd January 2020 at 10:15

£1.00 GBP = 1.1850 EURO

£1.00 GBP = 1.3135 USD

£1.00 GBP = 1.9121 AUD

£1.00 GBP = 1.9911 NZD

£1.00 GBP = 1.7290 CAD

£1.00 GBP = 18.8411 ZAR

Cle France Currency Guide link

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

Add CommentViews: 95
Jan 21

Why the Pound is falling in 2020

The Pound has been losing value against the Euro in 2020 so far.

There are some worrying signs ahead that are making investors nervous.

Brexit looks certain to officially take place at the end of this month. It means trade talks with the EU will begin shortly.

The Chancellor, Sajid Javid, said on the weekend that the UK would not commit to sticking to EU rules post-Brexit.

That certainly won’t help get a deal done and has brought back fears of a hard Brexit.

The UK economy is also showing signs of weakness.

It’s got to the stage where there are rumours the Bank of England may have to cut rates soon. This could exacerbate the Pound’s decline.

We expect 2020 to be another year of Pound volatility, driven largely by Brexit news.

Negotiating a trade deal with the EU is likely to be tricky, particularly seeing Boris Johnson has set a ‘fixed’ 12-month transition deadline (it’s taken 3 years to get to this point!).

The PM may also be facing another battle on the horizon…

Scottish First Minister, Nicola Sturgeon, has requested the powers to hold another Scottish independence referendum. Boris has refused, but we sense this is the beginning, not the end of that battle.

There are always risks and opportunities in currency markets. It’s important to take advantage of the favourable moves while protecting the downside.

Click here for a Quick Quote.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Tuesday 21st January 2020 at 09:15

£1.00 GBP = 1.1730 EURO

£1.00 GBP = 1.3010 USD

£1.00 GBP = 1.8986 AUD

£1.00 GBP = 1.9726 NZD

£1.00 GBP = 1.7013 CAD

£1.00 GBP = 18.9402 ZAR

Cle France Currency Guide link

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

Add CommentViews: 72
Jan 20

Volatility here to stay in 2020

Political events dominated last year and 2020 looks no different.

We enter the new year with the threat of war in the Middle East.

If the Iranian situation gets worse, we can expect the Pound to fall against safe-haven currencies such as the US Dollar, Japanese Yen and Swiss Franc.

No doubt Brexit will be back in the news again soon – adding to GBP exchange rate volatility.

While the election result eased fears, there is still the very real prospect of a no-deal Brexit.

Boris Johnson is determined to leave the EU at the end of 2020 – with or without a trade deal.

As always, we will look to help clients take advantage of opportunities as they arise and protect the downside.

Click here for a Quick Quote.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Monday 20th January 2020 at 14:00

£1.00 GBP = 1.1733 EURO

£1.00 GBP = 1.3006 USD

£1.00 GBP = 1.8959 AUD

£1.00 GBP = 1.9710 NZD

£1.00 GBP = 1.6994 CAD

£1.00 GBP = 18.9144 ZAR

Cle France Currency Guide link

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

Add CommentViews: 19
Jan 2

New Year's Traditions in France

French Culture – New Year’s Traditions

On this deuxième jour de janvier (second day of January), I’d like to start off by wishing everyone une très bonne année! (a very Happy New Year!) New Year’s provides the French with not one, but two more chances to do what they do best . . . celebrate!

Like most festive French holidays, New Year’s (both le Réveillon et le jour de l’An / New Year’s Eve and New Year’s Day) feature great food and, of course, Champagne!* Many French New Year’s feasts also feature a (or many!) big platter(s) of freshly shucked huîtres (oysters). Shipped fresh from the ports of la Bretagne (Brittany), les huîtres are a favourite of the French for the holidays

Les mois sans ‘r’

While oysters are now consumed year-round, historically eating oysters (and other seafood) in the warmer months could be dangerous for those living far from the shore (no refrigeration meant that delicate seafood could easily spoil in transport). Oysters also reproduce when the water around them gets warm (generally in mid-spring and summer months of mai, juin, juillet, et août / May, June, July, and August) and some find that oysters are not as good at this this time. These two facts resulted in a common French tradition of avoiding oysters in les mois sans ‘r’/months without an ‘r’!

New Years Eve

Le saviez-vous? / Did you know?

Le jour de l’An (New Years Day) was not always January 1st. For centuries, the start of the year varied from country to country and even sometimes by region. In parts of France the new year once started on April 1 (and some say that the tradition of le poisson d’avril dates from this period). It wasn’t until the late 16th century, when Pope Gregory XIII introduced the Gregorian calendar we know today, that January 1 was officially established as the start of the new year (at least throughout the Christian world).

* While most wine-producing countries have some form of vin mousseux/sparkling wine (Prosecco from Italy, Cava from Spain; even France has vin mousseux produced in regions outside Champagne ), Champagne is only Champagne if it is produced in the French region of the same name.

Cle Mortgages

Blog submitted by: Alex at The French Property Network - Cle France.

Add CommentViews: 1119
Jan 1

Bonne année! Happy New Year!

French Question: Why is it “Le Novel An” and not “Le Nouveau An”?

We wish all of our subscribers a happy and healthy 2020.

Talking about the new year in French can be especially difficult. This is because there are two words that mean “year”–an (m) and année (f), and because both of these words start with a vowel, which can change the word that comes before it.

Cle France Blogs

What’s the difference between an and année?  Besides the fact that an is masculine and année is feminine, an describes a particular moment during the year while année describes a span of time (this is similar to the pairs soir and soirée).

Thus, you would say: C’est le jour du nouvel an (It’s New Year’s Day) using an instead of année because you are referencing a particular moment of time during the year (New Year’s Day).

If, however, you would like to wish someone a happy new year, this is over a span of time, which lasts for the entire year. That’s why you use année in the expression “Happy New Year” or bonne année.

But there’s another trick when referencing the new year, or le nouvel an, in French. Because an is masculine, the adjective typically used with it should be nouveau. However, in French, an adjective cannot end with a vowel if the following noun also begins with a vowel (for reason of pronunciation or liaison).

Thus, there is always a masculine form of a word that can be used only in front of masculine nouns that start with vowels. In this case, that would be nouvel. Nouvel is pronounced just like the feminine form nouvelle, so don’t get confused if you hear someone say le nouvel an–this doesn’t mean that an is feminine. (You can also think about the difference between the demonstrative adjectives ce (masculine), cette (feminine), and cet (masculine before a masculine noun that begins with a vowel).

Alors, je vous souhaite tous une bonne année et j’espère que vous avez passé un bon nouvel an avec votre famille!

Bonne année! Happy New Year!

Cle Mortgages

Blog submitted by: Alex at The French Property Network - Cle France.

Add CommentViews: 1099

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