Pound jumps but for how long?

The Bank of England raised interest rates for the first time in 3 years.

The Pound jumped against the Euro, US Dollar and most other currencies on the news.

It was a brave decision given how uncertain things are right now.

The Omicron variant is the Ebenezer Scrooge of Christmas.

If Boris Johnson introduces new restrictions once the turkey and brussels are eaten, the Pound’s gains could be very short-lived.

Make sure any upcoming transactions are protected against the risks of sudden market movements.

Consider taking advantage of current exchange rates while you can.

Speak to a member of the Key Currency team on 01872 487 500.

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

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

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

Current rates: 

Friday 17th December 2021 at 11:15

£1.00 GBP = 1.1739 EURO

£1.00 GBP = 1.3283 USD

£1.00 GBP = 1.8578 AUD

£1.00 GBP = 1.9662 NZD

£1.00 GBP = 1.7016 CAD

£1.00 GBP = 21.1362 ZAR

• 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

Why the Pound is on a Knife Edge ?

Normally, the wise old owls at the Bank of England would be looking to put their feet up, down a brandy or two, and see out the year.

But this year, they still have one meeting left and it will be very closely watched.

The Bank of England faces a difficult decision.

The economic data coming out of the UK is strong. Economic growth (GDP) data due out on December 10th may reinforce this view.

However, there is a clear threat of rising COVID cases. The spike in cases in Germany, France and Italy will likely spread to the UK.

Pound Sterling will be highly sensitive either way.

In these uncertain times, you may prefer to secure an exchange rate now rather than worry about the market movements that lie ahead.

Whatever your requirements, please get in touch with a member of the Key Currency team on 01872 487 500.

We can help guide you on the best strategy for your situation.

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

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

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

Current rates: 

Wednesday 8th December 2021 at 10:15

£1.00 GBP = 1.1734 EURO

£1.00 GBP = 1.3236 USD

£1.00 GBP = 1.8559 AUD

£1.00 GBP = 1.9529 NZD

£1.00 GBP = 1.6713 CAD

£1.00 GBP = 20.94976 ZAR

• 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

As the Omicron variant has hit the headlines, it has sent both stock markets and currency markets into a spin.

Last week the Euro was sold-off amid concerns about a rapid deterioration in the Eurozone economy.

But now the market has taken a different view.

The so-called ‘risk-off’ trade means investors have poured money into safe-haven currencies such as the Euro and US Dollar.

This has caused Pound Sterling to have a 4-day losing streak against the Euro and against the Dollar, the Pound looks even weaker.

The uncertainty caused by Omicron also means the Bank of England may “bottle it” again at the December meeting and keep interest rates on hold. A potential interest rate rise was a key factor holding up the Pound.

The morale of the story is, as always, that we live in an uncertain world.

Things change quickly.

Opportunities come and go.

Whatever your currency requirements, please get in touch with a member of the Key Currency team on 01872 487 500.

Unlike impersonal banks and online only platforms, we can help guide you on the best strategy for your situation.

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

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

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

Current rates: 

Wednesday 1st December 2021 at 13:00

£1.00 GBP = 1.1770 EURO

£1.00 GBP = 1.3321 USD

£1.00 GBP = 1.8635 AUD

£1.00 GBP = 1.9472 NZD

£1.00 GBP = 1.6980 CAD

£1.00 GBP = 21.0796 ZAR

• 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

It’s a very unusual situation right now…

On the one hand, the Pound has jumped to 12-month highs against the Euro.

On the other hand, the Pound is nearing 12-month lows against the US Dollar.

I’m no historian, but I can’t recall ever seeing that before!

There are of course good reasons behind these extraordinary moves.

The US Dollar is surging on the back of rampant US inflation – which could force the Federal Reserve to rapidly tighten policy.

As for the Euro, it’s getting hammered as Covid is once again sweeping through Europe as winter approaches.

The Pound is caught somewhere in between.

The UK faces rising inflation and rising Covid – which in currency terms are cancelling each other out.

For our customers, these big market moves present risk and opportunity.

If you are selling Dollars or buying Euros, it’s a golden opportunity.

For those on the other side of the equation, you may need to think about whether you can afford for things to get worse.

Whatever your currency requirements, please get in touch with a member of the Key Currency team on 01872 487 500.

We will always help guide you on the best strategy for your situation.

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

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

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

Current rates: 

Wednesday 24th November 2021 at 09:50

£1.00 GBP = 1.1909 EURO

£1.00 GBP = 1.3364 USD

£1.00 GBP = 1.8501 AUD

£1.00 GBP = 1.9316 NZD

£1.00 GBP = 1.6928 CAD

£1.00 GBP = 21.1421 ZAR

• 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

Some big market moves so far this week.

Pound Sterling has shot up to 3-week highs against the Euro.

The release of robust jobs data in the UK has got investors thinking the Bank of England will need to raise interest rates in December – which I might add is only just around the corner.

It would mean the Bank of England would be the first major central bank to raise rates since Covid.

As for the Euro, there is little chance of a rate rise any time soon.

There are currently fears of more widespread lockdowns throughout Europe, driving negative sentiment on the Euro.

In short, this week there’s been good news for the Pound and bad news for the Euro – hence the sudden shift in the Pound to Euro exchange rate.

Meanwhile, across the pond, US inflation is running red hot. The US just reported inflation at 31-year highs!

This is lifting the value of the Dollar – which is why the Pound is hovering near 11-month lows against the US Dollar.

It wasn’t that long ago that the Dollar was in the doldrums.

You can never be complacent about exchange rates.

Things change quickly in this volatile world.

Whatever your currency requirements, please make sure you speak with a member of the Key Currency team on 01872 487 500.

We will endeavour to provide you with the best strategy and solution for your situation.

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

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

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

Current rates: 

Wednesday 17th November 2021 at 09:50

£1.00 GBP = 1.1870 EURO

£1.00 GBP = 1.3430 USD

£1.00 GBP = 1.8451 AUD

£1.00 GBP = 1.9175 NZD

£1.00 GBP = 1.6876 CAD

£1.00 GBP = 20.9105 ZAR

• 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