The Hole Keeps Getting Deeper
And it's all about interest rate decisions…
We're still a month away from the UK Budget, and news stories are already moving currency markets.
Todays story was the OBR forecasting a 0.3% drop in UK productivity.
To put that into context, that's predicted to mean a further £20 billion required by the Government in the budget!
Whilst the official OBR forecast comes out at the same time as the budget on 26th November, this has caused the Pound to start the day in poor shape.
Expect more and more of this in the next month.
There are options to mitigate future risk including actual conversion, limit orders and forward contracts.
Your dedicated account manager at Regency FX is always on hand to talk through these options with you.
In the near term there's plenty of other news for the rest of the week to shake things up.
And it's all about interest rate decisions.
Canada, the US, Japan, and Europe are all making their decisions this week.
Canada and the US are expected to shave 25 points off each of their base rates whilst Japan and the Eurozone are expected to stick at their current rates.
Any decisions outside of those expectations could have far reaching repercussions to currency markets.
So what next, what should you do?
As ever we look forward to keeping you in the loop and so please look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Don’t wait. Contact us now.
Or to find out our latest rates, click below.
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Kind regards,
David Evans
Co-Founder of Cle France.
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Current rates:
Wednesday 29th October 2025 at 10:00
£1.00 GBP = 1.1355 EUR
£1.00 GBP = 1.3220 USD
£1.00 GBP = 2.0030 AUD
£1.00 GBP = 2.860 NZD
£1.00 GBP = 1.8435 CAD
£1.00 GBP = 1.0525 CHF
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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.
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- At Clé France / Regency FX, 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 Regency FX.
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How to Save Money on your foreign currency transfers
- Regency FX 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.
- Cle France has partnered with Regency FX, a trusted and fully safeguarded currency exchange provider, to bring you even better service and exclusive benefits when transferring money internationally.
For everything you need to know about French property visit www.clefrance.co.uk
