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

Expect the unexpected, as the saying goes.

Last week saw the Bank of England bottle it...big time.

After signalling a rate rise was on the way, they decided to do nothing (default mode).

The media are dubbing Governor Andrew Bailey “the unreliable boyfriend”.

Financial markets don’t like surprises.

The shock news sent Pound Sterling crashing to 5-week lows against the Euro.

An interest rate hike in the UK was one of the main reasons propping up the Pound.

As a consolation prize, the Bank of England did say it’s likely to increase the interest rate “in the coming months”. While vague, it’s helped lift the Pound off recent lows.

So now what?

Brexit is back.

There’s a fight brewing between the UK and EU. The UK is pushing to reduce border checks to speed-up trade, and if so, the EU is threatening to suspend the Brexit trade deal.

Any bust-up would hurt both currencies but make no mistake; it would hurt the Pound more.

The good news is that volatile times tend to present opportunities for buyers and sellers.

As always, it’s a matter of timing.

Unlike banks or online platforms, we are happy to discuss and agree on the right time to exchange your money.

Do reach out to our team on 01872 487 500 to talk through your personal requirements.

Or to find out our latest rates, click 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 10th November 2021 at 10:10

£1.00 GBP = 1.1710 EURO

£1.00 GBP = 1.3538 USD

£1.00 GBP = 1.8363 AUD

£1.00 GBP = 1.9035 NZD

£1.00 GBP = 1.6816 CAD

£1.00 GBP = 20.4124 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

There’s been some big swings in exchange rates lately.

This week the Euro has popped up, climbing to 3-week highs against the Pound.
Inflation is still the buzzword among traders right now.

We warned last week that central banks around the world are getting very worried.
Inflation in most major economies is sitting way above target levels.

Speaking of which, the Bank of England meets this Thursday.

With UK inflation surging, it’s believed an interest rate hike is almost certain. What’s said about future hikes will also be closely watched.

The US economy is in a similar predicament, but we expect a different approach.

The US Federal Reserve is likely to taper bond purchases rather than increase interest rates.

As for the European Central Bank, they are behind the curve (as always).

Despite Eurozone inflation running at over 4%, they are acting as cool as a cucumber – indicating that rates won’t rise until late 2023!

We believe traders have been buying the Euro ahead of the ECB waking up to reality.

The bottom line is currency markets never sit still for long.

There is always something bubbling, ready to change the course of future exchange rates.

Our pro-active approach can help you achieve a better exchange rate and avoid unexpected losses.

Do reach out to our team on 01872 487 500 to discuss how we can assist.

Or to find out our latest rates, click 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 3rd November 2021 at 10:50

£1.00 GBP = 1.1753 EURO

£1.00 GBP = 1.3624 USD

£1.00 GBP = 1.8300 AUD

£1.00 GBP = 1.9076 NZD

£1.00 GBP = 1.6912 CAD

£1.00 GBP = 20.9613 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

Inflation seems to be on everyone’s lips at the moment.

Only yesterday, Twitter CEO Jack Dorsey predicted “hyperinflation” was on the way.

And the Bank of England recently confirmed it will “have to act” on inflation.

How does that effect currencies?

Well, exchange rates are very sensitive to interest rate changes.

Since the 1990s, we have had very little movement in interest rates. It’s almost become a ‘forgotten risk’.

But with the Bank of England dropping hints about rate rises, it’s giving the Pound a lift. Higher interest rates lift a currencies value.

Against the Euro, the Pound is sitting near 20-month highs.

Against the US Dollar, the Pound has also made gains in the last few weeks, but the overall trend is less clear as the US Federal Reserve is also talking about inflationary risks ahead.

If recent movements in Pound Sterling have been working in your favour, or you need to discuss target rates to aim for, do reach out to our team to discuss how we can help.

As always, we are keeping a close eye on things as they develop and can alert you to the best opportunities as they arise.

To find out our latest rates, click 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 27th October 2021 at 09:50

£1.00 GBP = 1.1841 EURO

£1.00 GBP = 1.3731 USD

£1.00 GBP = 1.8326 AUD

£1.00 GBP = 1.9240 NZD

£1.00 GBP = 1.7051 CAD

£1.00 GBP = 20.5820 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

After a fairly directionless summer, the Pound has reasserted its strength.

Against the Euro, the Pound is within touching distance of levels last seen in February 2020.

That’s obviously good news for clients buying Euros.

It might be surprising given the UK’s fuel crisis.

But the side effect of the crisis is that the Bank of England may raise interest rates sooner than expected, which has lifted the Pound.

We never get complacent about favourable exchange rate moves. Things can always change suddenly in currency markets.

For example, earlier in the year the GBP was charging up against the US Dollar.

But since June, it’s been trading in a descending channel.

Trends don’t last forever.

As always, we are keeping a close eye on things as they develop and can alert you to the best opportunities as they arise.

To find out our latest rates, click 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: 

Monday 18th October 2021 at 10:50

£1.00 GBP = 1.1861 EURO

£1.00 GBP = 1.3738 USD

£1.00 GBP = 1.8582 AUD

£1.00 GBP = 1.9465 NZD

£1.00 GBP = 1.7023 CAD

£1.00 GBP = 20.2513 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