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

Something strange is happening…

The more chaotic Brexit becomes, the more Pound Sterling is going up.

Why?

Because currency markets are now increasingly pricing in that Brexit won’t happen.

There’s only just over 2 months before the UK is meant to leave the EU. But there is no Brexit plan in place and MPs have made it clear they don’t want a no deal Brexit.

It leaves the most likely outcome as an extension of Article 50 or calling the whole thing off. Betting platforms have bumped up the odds to 1 in 3 that Brexit will never happen.

Theresa May and the EU have confirmed no extension has been requested. And note - an extension will need approval from the EU’s 27 members.

On Monday next week the Prime Minister is expected to outline the way forward.

What are her chances of gaining a consensus on anything?

With so much uncertainty, sustained volatility in the Pound looks inevitable.

One thing we can do however is help you secure a rate of exchange and mitigate your ongoing currency risk.

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 18th January 2019 at 09:10

£1.00 GBP = 1.1357 EURO

£1.00 GBP = 1.2640 USD

£1.00 GBP = 1.8031 AUD

£1.00 GBP = 1.9164 NZD

£1.00 GBP = 1.7179 CAD

£1.00 GBP = 17.8489 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

Markets are eerily quiet today (the quiet before the storm).

Thinking of buying or selling abroad soon, then it may be a good idea to set up an 'automatic limit order' given we do not even know when the result of tomorrow's vote on May's Brexit bill is going to be announced.

In the hours after we may see some sharp volatility whilst the London markets are closed but there is a solution for you.

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.

Thanks For Reading, What Next?

If you have a pending currency exchange requirement then feel free to discuss with us, ideally before lunchtime tomorrow.

- 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.

Kind regards, 
David Evans 
Co-Founder of Cle France

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 Brexit saga continues…

Tomorrow evening Parliament will vote on Theresa May’s Brexit plan.

It is widely expected she will lose.

But what happens next is anyone’s guess.

Delay in Brexit?

New Prime Minister?

Second referendum?

Brexit never happens?

With so many possibilities, Pound Sterling faces a period of unprecedented uncertainty.

One thing we can do however is help you secure a rate of exchange and mitigate your ongoing currency risk.

To speak to a trader now call us on 01872 487 470.

Or to get current exchange rates, simply 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: 

Monday 14th January 2019 at 12:00

£1.00 GBP = 1.1226 EURO

£1.00 GBP = 1.2873 USD

£1.00 GBP = 1.7893 AUD

£1.00 GBP = 1.8884 NZD

£1.00 GBP = 1.7091 CAD

£1.00 GBP = 17.8769 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