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Your Weekly Update…

We’ve had a little lull in the Pound after last week’s records.

I suggest it’s nothing more than a bout of profit taking.

The medium-term trends are still positive for GBP/EUR, GBP/USD, GBP/CAD and GBP/NZD.

If you didn’t already know, the Pound is the best-performing major currency of 2024.

This is a mixed blessing.

It’s largely due to expectations that UK interest rates will remain higher than those elsewhere.

Speaking of which, the Europeans have already cut rates in June and are expected to cut again in September.

In the US, rate cuts are “getting close”, with 1-3 cuts expected before year-end.

The UK may have to wait a while with inflation proving a little stubborn and public sector pay rises likely to add more fuel to the fire.

As always, volatility brings risk and opportunities.

A great opportunity for those converting Pounds into a Foreign Currency.

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.

Let us help you make the most of your money.

If you have an upcoming requirement, please get in touch so we can keep an eye on rates for you.

If you would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

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 24th July 2024 at 10:00

£1.00 GBP = 1.1905 EURO

£1.00 GBP = 1.2900 USD

£1.00 GBP = 1.9555 AUD

£1.00 GBP = 2.1765 NZD

£1.00 GBP = 1.7790 CAD

£1.00 GBP = 1.1470 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

Rate Alert: Pound hits 23-month high today

A quick heads up for you…

The Pound just keeps hitting those milestone highs.

- Pound to Euro sits at 23-month highs
- Pound to US Dollar at 1-year highs
- Pound to Canadian Dollar at 2-year highs

And the Pound is also up strongly against the Aussie, Kiwi Dollar and the Rand.

A great opportunity for those converting Pounds into a Foreign Currency.

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 have an upcoming requirement, please get in touch so we can keep an eye on rates for you.

If you would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

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 17th July 2024 at 11:30

£1.00 GBP = 1.1915 EURO

£1.00 GBP = 1.3040 USD

£1.00 GBP = 1.9320 AUD

£1.00 GBP = 2.1400 NZD

£1.00 GBP = 1.7810 CAD

£1.00 GBP = 1.1570 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

The Exit Polls were just about right.

The UK election panned out as expected

The Pound - it didn’t really move much, it was all phased in anyway.

The Euro - it also found some support as French elections look headed for a hung parliament, calming political risks.

The US Dollar - it has been a bit weaker of late as there is growing pressure on Joe Biden to stand aside and not seek re-election.

Other than that, it would seem we are back to focusing on inflation and interest rates.

I would describe the current trend in GBP/EUR as quite choppy but ultimately range bound.

Whereas, GBP/USD has an upward bias as it’s hovering near 1-month highs.

Summer trading can be more volatile as there’s thinner volumes, so keep an eye out for opportunities.

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 have an upcoming requirement, please get in touch so we can keep an eye on rates for you.

If you would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

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 10th July 2024 at 14:00

£1.00 GBP = 1.1830 EURO

£1.00 GBP = 1.2805 USD

£1.00 GBP = 1.8990 AUD

£1.00 GBP = 2.1070 NZD

£1.00 GBP = 1.7445 CAD

£1.00 GBP = 1.1505 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

Less than 24 hours until election day

With Brits set to vote tomorrow, what does it mean for the Pound?

We tend to avoid politics and we were going to keep quiet but this information may help some of you...

Most analysts think a landslide victory for Labour will be the most positive outcome for the Pound.

That’s because it would provide greater political stability and potentially improved UK-EU relations.

You would expect a Labour victory is already priced into the Pound.

So tomorrow is more about the size of the majority and any unexpected results from other parties.

Following the initial market move, we expect investors will want reassurance that a Labour government will be fiscally responsible and keep spending fairly tight.

If Labour were to start a spending spree it would likely cause the Bank of England to delay interest rate cuts – the first of which is expected next month.

We all know from the 49 days that Liz Truss was in office, investor confidence matters.

All being well in the UK, there will still be volatile times ahead as the French and US elections get underway. This will obviously impact GBP/EUR and GBP/USD.

Central banks are struggling to provide much forward guidance this year.

The US Federal Reserve, the big daddy of them all, was expected to make 6 interest rate cuts in 2024, now it looks like it could be only 1.

It’s a good indication of the uncertainty in markets.

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 have an upcoming requirement, please get in touch so we can keep an eye on rates for you.

If you would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

Kind regards, 
David Evans 
Co-Founder of Cle France.

Cle France / Key Currency

Key Currency is the currency exchange department of Cle France Ltd, 'Cle' being the French word for 'Key', did you see what we did there?

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The Pound's Recent Gains are dropping back

Pound dips as UK election looms

The Pound seems to have given up some of its recent momentum.

It’s had a jolly good run against the Euro, Canadian Dollar and Japanese Yen lately.

These favourable moves look technical as there isn’t an obvious catalyst to drive the Pound higher.

With UK inflation now back to the target level of 2%, the Bank of England has good reason to start cutting interest rates.

This would be expected to weaken the Pound, but the first cut isn’t expected until 1st August.

For now, it’s all about politics.

The UK election is just 1 week away!

And we are also about to have the first round of the French election and the first presidential debate in the US.

As a result, we could see heightened volatility in the GBP, EUR and USD.

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 would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

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: 

Thursday 27th June 2024 at 10:50

£1.00 GBP = 1.1820 EURO

£1.00 GBP = 1.2645 USD

£1.00 GBP = 1.8961 AUD

£1.00 GBP = 2.0725 NZD

£1.00 GBP = 1.7300 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