Yesterday saw the Bank of England slash growth estimates for the UK economy to the lowest in a decade.

While Sterling initially plunged, it recovered strongly on hopes that there may be some progress on Brexit in the coming days.

It clearly shows that Brexit, not the economy, is driving Pound Sterling.

At present, Sterling remains trapped on a Brexit rollercoaster.

The EU keeps reiterating they are unwilling to re-open negotiations. Nevertheless, talks (and hopes) continue.

It’s worth remembering, the EU also has a lot to loose should no deal be agreed. With growing fears the Eurozone could be headed for recession, the timing could not be worse.

As we’ve said many times, the outcome of all this is impossible to predict – and so is the impact on currency markets.

But that doesn’t mean you can’t do anything about it.

British businesses are now being very active in protecting their budgets, and you can too.

For example, while your right to buy a property abroad won’t change under Brexit – your budget could be at risk.

Or if you could like to know current exchange rates, please request a quote 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 8th February 2019 at 09:45

£1.00 GBP = 1.1416 EURO

£1.00 GBP = 1.2929 USD

£1.00 GBP = 1.8266 AUD

£1.00 GBP = 1.9158 NZD

£1.00 GBP = 1.7218 CAD

£1.00 GBP = 17.6341 ZAR

One way to protect yourself from any adverse movements or indeed, capitalise on any sharp positive movements is through the use of 'automatic limit orders', a bit like setting a limit when bidding on E-Bay for something you want but only at a certain price.

Put simply, there are three types of limit orders available in the market:

Limit Order:

Target an exchange rate higher than the current rate and we’ll make your transfer automatically if the market reaches that level.

Stop Loss Order:

Control the risk of an exchange rate suddenly falling by setting a 'worst-case' rate.

An OCO Order:

A combination of a limit and a stop order. The first one to hit the target rate triggers the order in its entirety.

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

Will the Pound shoot up or come crashing down?

The answer is however elusive.

As such, the Pound remains under a cloud of uncertainty.

The next Brexit vote by Parliament is scheduled for mid-Feb.

Even if Theresa May wins support, she will then need agreement from the EU.

With just a little over seven weeks to go, the pressure is building.

Yesterday a Reuters poll found Sterling will gain between 2-5% if the UK can agree a Brexit deal in time but fall 5-10% if no deal is struck.

Can you afford to take the risk?

British companies are now being very active in protecting their budgets, and you can too.

To protect your budget, speak to your trader today on 01872 487 500 about locking in today’s exchange rate for the year ahead with a forward contract.

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 6th February 2019 at 10:00

£1.00 GBP = 1.1385 EURO

£1.00 GBP = 1.2968 USD

£1.00 GBP = 1.8173 AUD

£1.00 GBP = 1.8917 NZD

£1.00 GBP = 1.7105 CAD

£1.00 GBP = 17.4659 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.
• Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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

Brexit has more twists and turns than a cheap garden hose.

On a daily basis, investors are struggling to keep up with the latest news and events.

Right now the Pound is holding up on hope that a no-deal Brexit can be avoided.

Is that realistic? No one really knows.

The fact is no analyst, politician or TV pundit can tell you how this will play out. There’s too many moving parts.

Over the coming weeks and months, it’s inevitable that the Pound will be volatile given the historical importance of the decisions made.

So where does that leave you?

You have a choice to make.

You can be passive, and simply accept whatever happens next to the value of your money, or you can be proactive and seek to take advantage of any moves in your favour.

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 1st February 2019 at 15:00

£1.00 GBP = 1.1407 EURO

£1.00 GBP = 1.3084 USD

£1.00 GBP = 1.8026 AUD

£1.00 GBP = 1.8919 NZD

£1.00 GBP = 1.7158 CAD

£1.00 GBP = 17.4765 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.
• Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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

Well that didn’t go to plan…

Sterling fell sharply yesterday after Parliament voted down an amendment that would have delayed Brexit.

In short, it means the worst-case scenario 'a No-Deal Brexit' is still on the table.

The problem is essentially this:

Parliament knows what it doesn’t want but doesn’t know what it does want.

Time is running out to avoid crashing out of the EU in March.

If such a scenario becomes a reality, the Pound could drop like a stone.

That’s because the recent rally was a result of growing expectations that the UK will avert a no-deal Brexit. If that’s not the case, then it becomes a cliff-edge moment for the Pound.

For those with a need to exchange currency soon, given the inherent uncertainty of upcoming events, you may wish to take advantage of any moves in your favour.

Currency markets are expected to remain volatile, so please keep in touch so that we can assist you with your timing.

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 30th January 2019 at 10:25

£1.00 GBP = 1.1464 EURO

£1.00 GBP = 1.3104 USD

£1.00 GBP = 1.8199 AUD

£1.00 GBP = 1.9159 NZD

£1.00 GBP = 1.7349 CAD

£1.00 GBP = 17.8409 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.
• Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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

Pound Sterling has surged to 20 month highs against the Euro.

The reason is investors believe the chances of a hard ‘no-deal’ Brexit are falling fast, which is positive for the Pound in the short term.

This week is shaping up to be another critical week.

On Tuesday, a further crunch vote will be held in Parliament on Theresa May’s ‘Plan B’ Brexit deal.

Rumours are the DUP might back the PM’s new deal.

Investors seem happy to ignore the fact that Brussels opposes her changes.

In other words, the whole thing is still completely up in the air.

As the Brexit deadline approaches, we expect Sterling to react more dramatically to news flow as time runs out.

Please get in touch to discuss current rates and your individual requirements.

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 28th January 2019 at 10:00

£1.00 GBP = 1.1538 EURO

£1.00 GBP = 1.3163 USD

£1.00 GBP = 1.8317 AUD

£1.00 GBP = 1.9209 NZD

£1.00 GBP = 1.7408 CAD

£1.00 GBP = 17.9445 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.
• Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

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