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Jan 21

Why the Pound is falling in 2020

The Pound has been losing value against the Euro in 2020 so far.

There are some worrying signs ahead that are making investors nervous.

Brexit looks certain to officially take place at the end of this month. It means trade talks with the EU will begin shortly.

The Chancellor, Sajid Javid, said on the weekend that the UK would not commit to sticking to EU rules post-Brexit.

That certainly won’t help get a deal done and has brought back fears of a hard Brexit.

The UK economy is also showing signs of weakness.

It’s got to the stage where there are rumours the Bank of England may have to cut rates soon. This could exacerbate the Pound’s decline.

We expect 2020 to be another year of Pound volatility, driven largely by Brexit news.

Negotiating a trade deal with the EU is likely to be tricky, particularly seeing Boris Johnson has set a ‘fixed’ 12-month transition deadline (it’s taken 3 years to get to this point!).

The PM may also be facing another battle on the horizon…

Scottish First Minister, Nicola Sturgeon, has requested the powers to hold another Scottish independence referendum. Boris has refused, but we sense this is the beginning, not the end of that battle.

There are always risks and opportunities in currency markets. It’s important to take advantage of the favourable moves while protecting the downside.

Click here for a Quick Quote.

Cle France and Key Currency

Thanks For Reading, What Next?

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

Current rates: 

Tuesday 21st January 2020 at 09:15

£1.00 GBP = 1.1730 EURO

£1.00 GBP = 1.3010 USD

£1.00 GBP = 1.8986 AUD

£1.00 GBP = 1.9726 NZD

£1.00 GBP = 1.7013 CAD

£1.00 GBP = 18.9402 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1865
Jan 20

Volatility here to stay in 2020

Political events dominated last year and 2020 looks no different.

We enter the new year with the threat of war in the Middle East.

If the Iranian situation gets worse, we can expect the Pound to fall against safe-haven currencies such as the US Dollar, Japanese Yen and Swiss Franc.

No doubt Brexit will be back in the news again soon – adding to GBP exchange rate volatility.

While the election result eased fears, there is still the very real prospect of a no-deal Brexit.

Boris Johnson is determined to leave the EU at the end of 2020 – with or without a trade deal.

As always, we will look to help clients take advantage of opportunities as they arise and protect the downside.

Click here for a Quick Quote.

Cle France and Key Currency

Thanks For Reading, What Next?

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

Current rates: 

Monday 20th January 2020 at 14:00

£1.00 GBP = 1.1733 EURO

£1.00 GBP = 1.3006 USD

£1.00 GBP = 1.8959 AUD

£1.00 GBP = 1.9710 NZD

£1.00 GBP = 1.6994 CAD

£1.00 GBP = 18.9144 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1751
Dec 13

Biggest one-day move in a decade!

I’m just going to cut straight to it…

You’ve seen the election result.

It’s had a huge impact on the currency markets.

The Pound has had its biggest one-day move in a decade!

Days like these are few and far between.

If you have a currency requirement, you might want to grab the opportunity before you.

Want to know what your Pounds are worth?

Click here for a Quick Quote.

Cle France and Key Currency

Thanks For Reading, What Next?

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

Current rates: 

Friday 13th December 2019 at 11:10

£1.00 GBP = 1.1969 EURO

£1.00 GBP = 1.3386 USD

£1.00 GBP = 1.9354 AUD

£1.00 GBP = 2.0230 NZD

£1.00 GBP = 1.7612 CAD

£1.00 GBP = 19.2657 ZAR

Cle France Currency Guide link

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

Add CommentViews: 2133
Dec 12

Open from 7am – We are ready for anything tomorrow can bring

The Pound is like a coiled spring, waiting for any election news…

We are likely to get a steer on voting (exit polls) as the day goes on, but the real movement will happen when we wake up tomorrow.

Our team will be in from 7am on Friday to help you make the most of this volatile time.

While a Conservative win should boost the Pound, we suspect this has been largely priced in – unless it’s an absolute landslide.

A hung parliament remains the scary scenario that would see the Pound collapse again.

If you’re unsure what to do, you can speak to one of our traders on 01872 487 500.

Alternatively, if you would like to find out current exchange rates...

Click here for a Quick Quote.

Cle France and Key Currency

Thanks For Reading, What Next?

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

Current rates: 

Thursday 12th December 2019 at 09:20

£1.00 GBP = 1.1864 EURO

£1.00 GBP = 1.3203 USD

£1.00 GBP = 1.9187 AUD

£1.00 GBP = 2.0074 NZD

£1.00 GBP = 1.7388 CAD

£1.00 GBP = 19.3476 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1753
Dec 11

Are we headed for a hung parliament?

This could be far closer than we think…

On the eve of the election, the latest polls are showing that a hung parliament is now a real possibility.

A hung parliament could trigger a large fall in the Pound as it would lead to greater uncertainty over the economy and Brexit.

We note that this week there has been a surge in institutional investors using options to hedge themselves against the election result.

What this means is the Pound could move significantly – either way – over the next few days.

If you have a currency requirement, consider securing a rate today to protect yourself from an adverse move.

Click here for a Quick Quote.

Cle France and Key Currency

Thanks For Reading, What Next?

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

Current rates: 

Wednesday 11th December 2019 at 14:45

£1.00 GBP = 1.1884 EURO

£1.00 GBP = 1.3184 USD

£1.00 GBP = 1.9245 AUD

£1.00 GBP = 2.0100 NZD

£1.00 GBP = 1.7437 CAD

£1.00 GBP = 19.4417 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1799

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