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Oct 25

Currency Market Opinion - 25.10.2023

Market Opinion for GBP / EUR and GBP / USD

One of the truths in finance is “nothing moves in a straight line”.

Whether it’s currencies, share prices or your own money (that mostly goes down).

And that’s the core problem for central banks today.

Is inflation still going down or is it headed back up?

In the UK, inflation didn’t budge last month (it was expected to fall). In Australia, it was announced today that inflation has jumped back up. And in the US, it headed back up in July and August after falling heavily at the start of the year.

It matters a lot for currencies.

Inflation drives interest rates. And interest rates drive currencies.

I suspect the Bank of England may pause interest rates at the next meeting. The European Central Bank is expected to do the same tomorrow.

In the absence of rate hikes, currencies may consolidate rather than trend. There can still be big moves, but they may hold within a range.

GBP/EUR and GBP/USD both look to be consolidating.

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 are looking to transfer your money, please do get in touch so we can discuss rates and timing.

You can call us on 01872 487 500.

To find out the latest rates and get ahead of the pack, register with us by clicking below.

Get a Quick Quote

Benefits of using Key Currency:

  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 25th October 2023 at 11:30

£1.00 GBP = 1.1465 EURO

£1.00 GBP = 1.2124 USD

£1.00 GBP = 1.9134 AUD

£1.00 GBP = 2.0820 NZD

£1.00 GBP = 1.6704 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

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

Add CommentViews: 451
Oct 19

Currency Market Update - 19th October 2023

What’s really driving the British Pound right now

Some pretty clear trends have emerged in the past few sessions.

The Pound is clearly down against the Euro and US Dollar, but clearly up against the Australian, Canadian and New Zealand Dollars.

The explanation to that mystery lies in the pecking order of currencies.

When geopolitical risks rise (code for war), the big money (think billions) moves away from some currencies and into others.

The US Dollar tends to be a big beneficiary – it’s the world’s reserve currency. The Euro (despite being only 24 years old) is also considered a solid bet.

We’ll call the Pound a ‘mid-table’ currency among the heavyweights and the more commodity-driven, British colony currencies (AUD, CAD and NZD) are highly sensitive to sentiment (they get dumped).

You could say that knee-jerk response to troubled times is unfair and even outdated, but it still seems to go on.

Basically, market reactions can become self-fulfilling. If enough people believe something is going to happen, then it will.

As always, there’s plenty of data coming out.

We note UK inflation came in higher than expected this week and futures markets indicate there is around a 50% chance of another rate hike before the end of 2023.

That should give the Pound some support when the war drums quieten down.

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 any currency requirements, please do get in touch.

You can call us on 01872 487 500.

To find out the latest rates and get ahead of the pack, register with us by clicking below.

Get a Quick Quote

Benefits of using Key Currency:

  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 19th October 2023 at 10:00

£1.00 GBP = 1.1486 EURO

£1.00 GBP = 1.2105 USD

£1.00 GBP = 1.9197 AUD

£1.00 GBP = 2.0789 NZD

£1.00 GBP = 1.6624 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

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

Add CommentViews: 514
Oct 12

Currency Market Update - 12th October 2023

Pound looking good in October, but for how long?

The Pound has formed some nice uptrends in October so far.

GBP has not only climbed against the Euro and US Dollar, but also against the Aussie and Canadian Dollars too.

I wouldn’t say it’s backed up by fundamentals.

The data out of the UK economy has been pretty mixed lately.

As you would expect, financial markets have turned their attention to the situation in Israel.

Stock markets have rallied. That might seem counter-intuitive, but it’s because investors are expecting central banks to take a more cautious view now and hit pause on interest rate hikes.

Currency markets have not reacted as strongly as you might expect.

Typically, on the outbreak of war, the US Dollar would go up due to it’s safe-haven status and Pound Sterling would weaken relatively. It hasn’t really happened so far.

It still remains a risk if the situation in the Middle East gets worse.

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 are looking to sell Pounds and buy Euros or Dollars, you should bear that in mind.

Please get in touch if you have any upcoming requirements so we can keep an eye on rates for you.

You can call us on 01872 487 500.

To find out our latest rates, click below.

Get a Quick Quote

Benefits of using Key Currency:

  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 12th October 2023 at 10:10

£1.00 GBP = 1.1574 EURO

£1.00 GBP = 1.2298 USD

£1.00 GBP = 1.9181 AUD

£1.00 GBP = 2.0489 NZD

£1.00 GBP = 1.6718 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

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

Add CommentViews: 496
Oct 4

Currency Market Update - 4th October 2023

The one Megatrend in Currency Markets

Right now there is one 'Megatrend' in currency markets…

The strength of the US Dollar.

The US Dollar has gained against the Euro for 11 weeks straight.

And against the Pound, the Dollar now sits near 7-month highs.

It’s more astonishing when you consider the US has had a lot of nasty news recently.

As always, it seems to come down to interest rates.

The US economy is proving resilient, allowing the US Federal Reserve to keep rates higher for longer.

The same can’t be said for the UK and Europe, where it’s economic eggshells.

If anything, investors are pondering whether rate cuts may be on the medium-term horizon.

It’s a balancing act for central banks – how to kill inflation without killing the economy. Ideas anyone?

So what next, what should you do?

Have you read our Guide to Foreign Currency Exchange yet?

Download the Guide Here - with no obligation of course.

If you are looking to make a transfer, the main thing is to take advantage of the opportunities and trends that arise.

Please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

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

Get a Quick Quote

Benefits of using Key Currency:

  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 4th October 2023 at 11:00

£1.00 GBP = 1.1552 EURO

£1.00 GBP = 1.2132 USD

£1.00 GBP = 1.9172 AUD

£1.00 GBP = 2.0547 NZD

£1.00 GBP = 1.6614 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

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

Add CommentViews: 523
Sep 20

Market Update - 20.09.2023

A big week for Currency Markets

The Pound sinks on inflation news ahead of a big week for currency markets.

Today we have the latest data of UK inflation. It’s good news for the people and bad news for the Pound.

UK inflation is not just falling, it’s falling faster than expected.

It’s such a key number for the Pound.

Tomorrow the Bank of England meet again and another 0.25% rate increase is expected.

Will it be the top? Probably is the answer. And that’s the reason the Pound is falling.

Higher inflation and interest rates have been underpinning the Pound throughout 2023. But that positive catalyst may be coming to an end.

Last week the ECB made it clear that rates have peaked in Europe.

It hasn’t helped the Euro.

In fact, the Euro has fallen for 9 weeks in a row against the US Dollar.

As always, exchange rates are responding to the latest news and events.

So what next, what should you do?

Have you read our Guide to Foreign Currency Exchange yet?

Download the Guide Here - with no obligation of course.

If you are looking to make a transfer, please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

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

Get a Quick Quote

Benefits of using Key Currency:

  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 20th September 2023 at 10:30

£1.00 GBP = 1.1565 EURO

£1.00 GBP = 1.2369 USD

£1.00 GBP = 1.9127 AUD

£1.00 GBP = 2.0814 NZD

£1.00 GBP = 1.6630 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

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

Add CommentViews: 563

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