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Bank of England cuts Interest Rates to record low

While the mornings are getting lighter, so is Sterling.

This morning the Bank of England cut interest rates to a record low in response to the Coronavirus outbreak.

Later today, more stimulus is expected in the first Budget of Boris Johnson's majority government.

Historically, Pound Sterling has not performed well in moments of crisis.

The usual ‘risk aversion’ rules look to be kicking in.

Sterling has been selling off against JPY/EUR/USD/CHF – which are seen as 'safe havens' in times of trouble.

With all that's going on, the sentiment around currencies is changing extremely quickly.

If you would like to gain some certainty, consider securing an exchange rate today.

Call us on 01872 487 500 to discuss your plans or to find out the latest rates, request a quote below.

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: 

Saturday 14th March 2020 at 09:00

£1.00 GBP = 1.1047 EURO

£1.00 GBP = 1.2274 USD

£1.00 GBP = 1.9848 AUD

£1.00 GBP = 2.0251 NZD

£1.00 GBP = 1.6943 CAD

£1.00 GBP = 19.9670 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


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