Today's Currency Market Focus

GBP: No one mention the B word
EUR: Tricky times 
USD: Donald’s not happy

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GBP: No one mention the B word

The Pound has recovered in the last few sessions, helped along by a lack of news on Brexit.

That could be about to change as the British Brexit minister, Dominic Raab, has been in Brussels this week trying to break the ‘No Deal’ deadlock.

It already seems likely that the October deadline to agree a deal will be missed and therefore result in an emergency EU summit in November.

We see the current rally as temporary with investors taking advantage of Pound weakness given its recent poor run.

EUR: Tricky times

Like the Pound, the Euro has come under significant pressure recently, but for different reasons. This week, it too is enjoying a mini-rally.

However, while the Pound is focused on a single issue (Brexit), the Euro faces risks on multiple fronts. Turkish Lira depreciation, US-China trade tension and Italian budget blow-outs are all simmering in the background.

It makes the Euro a tricky currency to trade right now.

USD: Donald’s not happy

The Dollar continues to drift lower after its monster multi-month rally.

Donald Trump upset the applecart yesterday saying he was “not thrilled” with the Fed raising rates.

The Fed Chairman, Jerome Powell, is relatively new to the hot seat and Trump doesn’t like what he’s seeing so far. Let’s not forget that Trump made his fortune in highly leveraged property investments and is on record as saying he’s a “low-rate guy”.

Investors and President Trump will be keeping a close eye on the latest Fed minutes due out later today.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please 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 22nd August 2018 at 17:50

£1.00 GBP = 1.1139 EURO

£1.00 GBP = 1.2913 USD

£1.00 GBP = 1.7573 AUD

£1.00 GBP = 1.9285 NZD

£1.00 GBP = 1.6608 CAD

£1.00 GBP = 18.3428 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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 

Today's Currency Market Focus

GBP: Bored of Brexit
EUR: Wild Turkey
USD: Dollar dips, panic passes

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GBP: Bored of Brexit

There’s not a lot of data due out this week but we all know that Sterling is far more dependent on Brexit news.

It’s hard to know if anything is happening at all. It seems we are at stalemate with the Europeans and most politicians are lounging somewhere in the sun.

I note however that the PM was still tweeting away yesterday saying “The government is delivering a Brexit for the people.” What does that mean? Another soundbite with no substance. No wonder polls show 60% of “the people” are bored of Brexit.
At least the economy is in better form.

EUR: Wild Turkey

The panic may have subsided in Turkey but speculators are clearly not convinced the worst is over.

Data from the futures markets shows that bearish positions in the Euro have escalated in the last two weeks. The overall position is now in negative territory for the first time since May 2017.

On Thursday the minutes from the recent ECB meeting are released. These will be watched closely as investors see if the committee is moving towards tightening.

USD: Dollar dips, panic passes

The Dollar has come off highs in the last couple of sessions as investor demand for safe-haven currencies has faded.

Trade talks between the US and China are scheduled for Tuesday and Wednesday, although these are not being carried out by high level officials.

As for Turkey, the Lira has risen from its lows but there is little news to support the move. Investors will be awaiting the latest Fed minutes due out on Wednesday.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please 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 20th August 2018 at 12:30

£1.00 GBP = 1.1178 EURO

£1.00 GBP = 1.2763 USD

£1.00 GBP = 1.7470 AUD

£1.00 GBP = 1.9285 NZD

£1.00 GBP = 1.6684 CAD

£1.00 GBP = 18.5650 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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 

Today's Currency Market Focus

GBP: Is Sterling a falling knife?
EUR: Pushed around
USD: Back to the uptrend

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GBP Is Sterling a falling knife?

Sterling doesn’t have many friends at the moment.

According to Reuters, selling momentum from hedge funds and speculators is at its highest level in 5 years.

It’s all to do with Brexit and its impending deadline – which is now only 8 months away.
The UK economy, while not flying, has been resilient.

Today we have the latest economic growth (GDP) figures, which is expected to be 1.3%, up from 1.2% last quarter. It might offer some respite to the Pound, but don’t expect it to last long.

EUR: Pushed around

There’s been a lack of EU news this week but that still doesn’t mean the Euro won’t swing around.

Currencies are a relative measure, so in the absence of local events, the Euro will be dictated by news elsewhere.

This has been evident this week with GBP/EUR led by Sterling weakness and EUR/USD driven by Dollar strength.

USD: Back to the uptrend

After some wobbles earlier in the week, the dollar continues its ascent and is just short of a 13-month high against a basket of currencies.

Simmering troubles with Russia and Turkey are bringing buyers to safe-haven currencies like the US Dollar (and Swiss France & Japanese Yen).

In addition, the US economy looks to be on the up. Today we have the latest inflation (CPI) reading, which is forecast to be 2.9% - a level that would suggest more rate rises are needed.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please 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 10th August 2018 at 12:50

£1.00 GBP = 1.1146 EURO

£1.00 GBP = 1.2774 USD

£1.00 GBP = 1.7470 AUD

£1.00 GBP = 1.9355 NZD

£1.00 GBP = 1.6725 CAD

£1.00 GBP = 17.7342 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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 

Today's Currency Market Focus

GBP: Surely they can’t back out now
EUR: Recovery back on track?
USD: Here we go again

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GBP: Surely they can’t back out now

Pound Sterling has been trading in a narrow range ahead of this week’s rate decision.

The odds of a quarter percent rate rise tomorrow stand at around 90% though not everyone is convinced the Bank of England (BoE) will go ahead with the hike.

In fact, Governor Mark Carney has been mocked as an “unreliable boyfriend” having promised rate hikes in the past only to back out at the last minute.

If the BoE do hike, it will be only the second time since the financial crisis. Given the fragile state of the UK economy heading into Brexit, it’s likely to be a ‘one and done’ scenario. If Carney throws some cautious language into the mix, it could actually end up a negative event for Sterling.

EUR: Recovery back on track?

After some wobbles over the last few months, the EU recovery seems to be regaining momentum.

Yesterday both German Retail Sales and Euro-zone Inflation (CPI) came in higher than expected. Inflation in the Euro-zone is now at its highest level since 2012.

While interest rates are unlikely to change in the EU soon, it will start to put pressure on the European Central Bank to sit up and take notice.

USD: Here we go again

Tension is building again between the world’s two biggest economies; US and China.

President Trump is said to be considering proposing higher tariffs on $200 billion of Chinese imports. So far the ‘negotiations’ have stayed civil and not led to a trade war.

Attention will turn to the Federal Reserve (Fed) rate meeting, which is later today. No rate change is expected but the outlook is likely to offer up clues on future hikes. Markets still believe another two hikes in the US could happen before the year is out.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please 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 1st August 2018 at 11:30

£1.00 GBP = 1.1228 EURO

£1.00 GBP = 1.3120 USD

£1.00 GBP = 1.7696 AUD

£1.00 GBP = 1.9288 NZD

£1.00 GBP = 1.7086 CAD

£1.00 GBP = 17.4100 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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 

Today's Currency Market Focus

GBP: Short-lived rally

EUR: Treading water 

USD: Hog on hog

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GBP: Short-lived rally

The Pound fell yesterday after the incoming member of the Bank of England’s rate setting committee cast doubts over whether a UK rate rise is needed. 

Economics professor, John Haskel, shared his views with parliament’s Treasury Select Committee. He thinks the uncertainty over Brexit warrants a cautious approach. 

At last week’s meeting the committee voted 6-3 to keep rates on hold. It looks like the professor will be playing it safe. 

Time is running out for Theresa May to make progress on Brexit ahead of the EU Summit which begins tomorrow. 

EUR: Treading water

A quiet start to the week for the Euro with no real significant data to digest. 

Simmering in the background is the escalating global trade war. President Trump has hinted that Europe could be dragged into the scrap next. 

The Euro could be more lively in the coming days as we have German Consumer Confidence, CPI (inflation) and Unemployment. The trend of late has been negative, so investors will be hoping for an improvement. 

USD: Hog on hog

The Dollar held steady yesterday as President Trump turned his fire and fury on an American rather than foreign target. He’s not happy with Harley Davidson, which is moving a lot of their production from the US to Thailand. 

While this took some heat off China (and Europe), it still is part of the same problem. And that’s a problem that’s not going away. President Trump is prepared to play the long game and ride out a battle of retaliatory trade tariffs. 

In the mean time, USD investors have a fair bit coming up with Durable Goods today and GDP tomorrow? 

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please 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 27th June 2018 at 11:00

£1.00 GBP = 1.1351 EURO

£1.00 GBP = 1.3211 USD

£1.00 GBP = 1.7898 AUD

£1.00 GBP = 1.9362 NZD

£1.00 GBP = 1.7589 CAD

£1.00 GBP = 18.0341 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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 now.

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