It seems clear Boris Johnson is dragging the UK to No-Deal.

If this happens the Pound would crash to its lowest level since 1985 according to a Bloomberg survey of analysts.

Johnson has told the EU this week he would not even meet for talks unless they shift their position.

The other possibility worrying investors is that Johnson will call a general election in the coming weeks.

We note that hedge funds have increased their bets on a falling Pound to a total of $7.8 billion, the highest since April 2017.

What should you do if you need to move money internationally?

With so much ongoing uncertainty, we expect exchange rate volatility to remain high.

As part of our service, we can monitor the market tailored to your situation and help you exchange on the back of strength not weakness.

Our pro-active approach can alert you to risks and opportunities.

To discuss your requirements, please call us on 01872 487 500.

Or to find out current rates, click on the link below.

Click here for a Free quote.

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 14th August 2019 at 12:00

£1.00 GBP = 1.0812 EURO

£1.00 GBP = 1.2091 USD

£1.00 GBP = 1.7893 AUD

£1.00 GBP = 1.8795 NZD

£1.00 GBP = 1.6030 CAD

£1.00 GBP = 18.4179 ZAR

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.
• Download our "Buying A Property in France" Guide PDF document.

• If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

  

  For everything you need to know about French property visit www.clefrance.co.uk

Pound Sterling has dropped more than 7% in the past three months.

This makes it the worst performing currency among all major currencies.

It now sits near multi-year lows against both the Euro and the Dollar.

Plus as the 31 October Brexit deadline approaches, Pound Sterling is expected to remain under pressure.

Markets are only beginning to wake-up to the prospect of a no-deal Brexit.

The odds have now escalated to 30% based on a survey carried out by Bloomberg last week. That’s more than 3 times the level from a similar survey only a few months ago.

What’s more the UK economy is starting to crack, with the economy shrinking in the second quarter – the first time it has done so in six years.

Given the exchange rate volatility we are seeing, it’s important to stay alert to opportunities.

We can monitor the market tailored to your requirements and help you exchange on the back of strength not weakness.

In order to benefit from our pro-active service, please get in touch on 01872 487 500.

Or to find out current exchange rates, please click on the link below.

Click here for a Free quote.

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 12th August 2019 at 10:00

£1.00 GBP = 1.0797 EURO

£1.00 GBP = 1.2066 USD

£1.00 GBP = 1.7839 AUD

£1.00 GBP = 1.8697 NZD

£1.00 GBP = 1.5970 CAD

£1.00 GBP = 18.5891 ZAR

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.
• Download our "Buying A Property in France" Guide PDF document.

• If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

  

  For everything you need to know about French property visit www.clefrance.co.uk

The Pound continues its downward spiral …

With the new PM pushing the UK towards a no-deal Brexit, the economic risks are mounting.

Analysts are predicting that the Pound could suffer another major slide.

In fact, over the last few days Investec, Danske Bank and ICAP have all stated that in the event of a hard exit, the Pound could reach parity with the Euro.

Over the coming months, where the Pound will land is anyone’s guess.

Even the bookmakers can’t decide what the most likely outcome is from here with similar odds for another extension, a general election or a no-deal Brexit!!!

If you have a foreign exchange requirement, doing nothing does not alleviate your currency risk.

Rates can always move higher or lower but it’s a question of whether you can afford further adverse movements.

To discuss your situation, call us on 01872 487 500 to speak to a currency specialist.

Or to find out current exchange rates, please click on the link below.

Click here for a Free quote.

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: 

Tuesday 6th August 2019 at 10:45

£1.00 GBP = 1.0883 EURO

£1.00 GBP = 1.2191 USD

£1.00 GBP = 1.7957 AUD

£1.00 GBP = 1.8626 NZD

£1.00 GBP = 1.6095 CAD

£1.00 GBP = 18.0848 ZAR

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.
• Download our "Buying A Property in France" Guide PDF document.

• If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

  

  For everything you need to know about French property visit www.clefrance.co.uk

The Boris bounce has turned into the Boris bloodbath…

Our new PM is not mixing his words and the markets are listening.

Since Johnson became Prime Minister last week, Pound Sterling is the worst-performing currency in the world.

It seems likely Johnson is gearing up for an election as soon as Autumn.

His extreme rhetoric (real or fake) is designed to nullify the threat of Nigel Farage’s Brexit Party.

In the space of just a week, the Pound has lost around 2.4% already.

Over the coming months, where the Pound will land is anyone’s guess.

While we deal in commercial exchange rates, we note that the Pound is worth just 85 Euro cents at UK airports and is at parity with the Dollar. Ugly times for summer travellers.

If you have a currency requirement, please get in touch to discuss your situation.

Call us on 01872 487 500 to speak to a currency expert.

Or to find out current exchange rates, please click on the link below.

Click here for a Free quote.

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: 

Tuesday 30th July 2019 at 10:10

£1.00 GBP = 1.0924 EURO

£1.00 GBP = 1.2173 USD

£1.00 GBP = 1.7665 AUD

£1.00 GBP = 1.8385 NZD

£1.00 GBP = 1.6037 CAD

£1.00 GBP = 17.3093 ZAR

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.
• Download our "Buying A Property in France" Guide PDF document.

• If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

  

  For everything you need to know about French property visit www.clefrance.co.uk

The Pound enjoyed a small bounce yesterday after Boris Johnson won the leadership race.

But the relief rally may be short-lived.

We now have roughly 97 days until the 31st Oct Brexit deadline.

And the truth is no-one knows how this will play out, including our new PM.

Despite having a new leader, the Conservatives remain deeply divided and have a wafer thin majority.

For these reasons the betting markets still think there’s only a 25% chance of a ‘no-deal’ Brexit happening.

But what that tells you is there is still a lot of potential downside in Pound Sterling as the risks of ‘no-deal’ are still not really priced in.

One thing seems certain, it’s going to be a rocky ride in the next few months.

If you need to sell Euros at present, you might consider taking advantage of Sterling weakness and locking-in a rate of exchange.

On the other hand, if you need to purchase Euros with your Pounds then you need to weigh up whether you can afford for the rate to fall further.

Please contact us directly on 01872 487 500 to discuss this in more detail.

Or to find out current exchange rates, please click on the link below.

Click here for a Free quote.

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 26th July 2019 at 12:45

£1.00 GBP = 1.1165 EURO

£1.00 GBP = 1.2431 USD

£1.00 GBP = 1.7940 AUD

£1.00 GBP = 1.8711 NZD

£1.00 GBP = 1.6384 CAD

£1.00 GBP = 17.6015 ZAR

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.
• Download our "Buying A Property in France" Guide PDF document.

• If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

  

  For everything you need to know about French property visit www.clefrance.co.uk