Pound hits new 2025 highs against Dollar

Some interesting trends for you to consider…

The GBP/USD exchange rate has jumped to new highs in 2025.

However, it’s more of a recovery given the GBP/USD rate suffered a massive sell-off that lasted 4+ months late last year.

As for GBP/EUR, that too has been heading higher.

We have noted for some time that the Pound and Euro have been in a tug of war.

For now, the Pound has swung to a 2-week high against the Euro, but given recent history there is little confidence it can sustain a rally.

This week there is plenty of upcoming news.

The big one for Pound Sterling will be Wednesday’s inflation (CPI) data.

We also have speeches from Governor Bailey and one from Donald Trump – I can guess which one will be more exciting.

There is also a raft of PMI numbers from the UK, France, Germany, and the US.

For those unfamiliar, PMIs measure the state of the manufacturing and service sectors. Sounds dull, but it moves markets.

So what next, what should you do?

If you’re thinking about exchanging money, please do get in touch so we can help guide you on rates and timing.

You can call us on 01872 487 500.

To find out our latest exchange rates, click the link below.

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: 

Tuesday 18th February 2025 at 10:30

£1.00 GBP = 1.2040 EUR

£1.00 GBP = 1.2595 USD

£1.00 GBP = 1.9800 AUD

£1.00 GBP = 2.2065 NZD

£1.00 GBP = 1.7875 CAD

£1.00 GBP = 1.1355 CHF

• 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

Trump tariffs & rate cuts cause FX chaos

The Trump trade tariffs are sweeping through the (economic) world.

It’s caused some large currency moves already...

And we expect more to come.

So what’s been happening?

This week, President Trump attacked both the UK and EU over their trade imbalance with the USA.

It could be bluff and bluster, but I doubt it.

Both the Pound and Euro will be at risk if the situation escalates from here.

Meanwhile, investors are still fretting over the latest Bank of England meeting.

Not only was the decision to cut unanimous, 2 members were calling for a double cut. That was the surprising bit.

Markets now believe the UK could see another 2-3 cuts before the year is out.

So what next, what should you do?

If you would like some assistance with your currency requirements, you can call us on 01872 487 500.

To learn more or find out our latest rates, click below.

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 12th February 2025 at 12:15

£1.00 GBP = 1.2005 EUR

£1.00 GBP = 1.2455 USD

£1.00 GBP = 1.9840 AUD

£1.00 GBP = 2.2080 NZD

£1.00 GBP = 1.7810 CAD

£1.00 GBP = 1.1345 CHF

• 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

Thursday 6th February 2025.

Some good news, today the Bank of England has announced it is reducing the base rate to 4.50% (previously 4.75%).

So this is a good time for you to contact our Mortgage and Financial Services Partner, if you are considering a mortgage to help fund a property purchase in France, you may wish to contact them to see if they can help and advise you, best of luck.

You can contact them direct here.

Kind regards,
Alex at Clé France.

If you have not done so already, check out our Property Guides here.

Pound Poised for Super Thursday

Thought I would give you a quick heads up as ‘Super Thursday’ approaches…

We have the Bank of England interest rate decision as well as quarterly economic forecasts, then followed by Governor Andrew Bailey’s press conference.

Economists are forecasting the Bank of England will cut rates – the 3rd time since their peak in 2023.

It will be interesting to see if the Pound can hold up.

Usually, a rate cut would be bad news for the Pound.

GBP/EUR has been strong in recent weeks and is sitting near highs for the year, so there’s an excuse to sell off.

As for the US Dollar, it’s been like a yo-yo.

We’ve had lots of recent announcements about Trump trade tariffs – with investors unsure whether it’s good or bad for the Dollar.

On Thursday and Friday respectively, we have US jobless claims and non-farm payrolls.

It will give investors something else to focus on.

As you may have seen, exchange rates have been lively so far in 2025.

So what next, what should you do?

If you have upcoming requirements, please do get in touch so we can keep an eye on things for you.

You can call us on 01872 487 500.

To learn more or find out our latest rates, click below.

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: 

Tuesday 4th February 2025 at 10:15

£1.00 GBP = 1.2025 EUR

£1.00 GBP = 1.2430 USD

£1.00 GBP = 2.0015 AUD

£1.00 GBP = 2.2160 NZD

£1.00 GBP = 1.7925 CAD

£1.00 GBP = 1.1300 CHF

• 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

Pound has great week before rate decisions

The Pound has jumped against all of its main rivals – EUR, USD, AUD, CAD and NZD.

The move may have surprised investors as the latest news from the UK has been pretty poor.

Government borrowing, wage growth and unemployment all going the wrong way.

We suspect the Pound’s move is more of a ‘dead cat bounce’.

This is a trading pattern when a prolonged fall is followed by a sharp rebound.

The market will be shifting its attention to rate decisions over the next few weeks.

On Wednesday and Thursday this week we have the US Fed and European Central Bank rate decisions.

Then Thursday next week (6th Feb), it’s the Bank of England’s turn.

There’s political pressure on all of them to cut, cut, cut.

I doubt it will be that straightforward.

Plenty of movement in exchange rates so far in 2025.

Please get in touch so we can make the most of the opportunities ahead.

So what next, what should you do?

Make sure you get in touch with the Key Currency team, so we can keep an eye on rates for you.

You can call us on 01872 487 500.

To learn more or find out our latest rates, click below.

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: 

Tuesday 28th January 2025 at 10:15

£1.00 GBP = 1.1930 EUR

£1.00 GBP = 1.2450 USD

£1.00 GBP = 1.9900 AUD

£1.00 GBP = 2.1985 NZD

£1.00 GBP = 1.7925 CAD

£1.00 GBP = 1.1275 CHF

• 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