Today's Currency Market Focus Includes:

GBP: Sterling rises on rumours
EUR: Coming unstuck? 
USD: Chinese whispers

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GBP: Sterling rises on rumours

According to the Sunday Times, Theresa May has come up with a new plan to break the Brexit deadlock and allow the UK to remain within the EU customs union.

The government has officially claimed the report is simply “speculation”.

Any deal with Brussels would need to win approval from the British Parliament – a difficult task as politicians on both sides remain deeply divided.

With a light calendar this week, the Pound will be highly susceptible to Brexit rumours and speculation.

EUR: Coming unstuck?

It’s only 2 months before the European Central Bank is meant to begin winding down its bond-buying programme – a remnant from the financial crisis.

But traders are starting to wonder whether this is actually going to happen. The EU has lost economic momentum and there is growing friction with Italy over its proposed budget.

Speaking of Italy, the war of words continues. Over the weekend, European Commission President Jean-Claude Juncker threatened the Italians saying “For the first time someone is saying the (EU budget) rules are of no interest to us. That will have consequences”. The longer this drags on, the more it will damage the Euro.

USD: Chinese whispers

The Dollar has been seesawing on rumours surrounding a new China-US trade deal.

The usual Trump-style negotiations are taking place – a combination of opportunities and threats (the old carrot and stick). The President said a lot of progress has been made so far but also got one of his spokespeople to warn he would “pull the trigger" on additional tariffs on China, depending of course on how talks go.

Meanwhile the US is focused on mid-term elections, so this week is all about politics not economics.

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 5th November 2018 at 11:25

£1.00 GBP = 1.1440 EURO

£1.00 GBP = 1.3023 USD

£1.00 GBP = 1.8098 AUD

£1.00 GBP = 1.9561 NZD

£1.00 GBP = 1.7064 CAD

£1.00 GBP = 18.7234 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

Today's Currency Market Focus Includes:

GBP: Budget this afternoon
EUR: Italy looking lonely 
USD: Strong for good reason

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GBP: Budget this afternoon

The Pound is struggling under the dark clouds of Brexit. Last week it ended near 2-month lows against the Dollar and 3-week lows against the Euro.

The latest rumours are that Theresa May has put talks with the EU on hold as she can’t get her own cabinet to agree on what they want! It’s a sorry situation.

This afternoon we have the Budget. It’s the government’s chance to put a positive spin on the UK’s outlook, although the Chancellor had to admit over the weekend that a new budget would be needed if a Brexit deal can’t be reached.

On Thursday this week we have the monthly Bank of England (BoE) rate meeting alongside the latest Inflation Report. The BoE has struck a more cautious tone lately as fears mount that a no-deal Brexit is a serious possibility.

EUR: Italy looking lonely

The Italians continue to cause a stir in the Euro-zone. Their big-spending draft budget has gone down like a lead balloon.

Now EU leaders want to sit down and discuss it at their next meeting, despite requests from Italy to postpone the talks. The friction is not helping sentiment towards the Euro.

USD: Strong for good reason

The Dollar ended last week on strong footing.

With global stock markets still shaky, it is adding to the appeal of safe-haven currencies like the Dollar.

In addition, the US economy delivered better than expected GDP numbers on Friday, which also gave the Dollar an extra boost.

This week there will be plenty to digest including Consumer Confidence on Tuesday and Non-Farms Payrolls on Friday.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact our 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 29th October 2018 at 13:15

£1.00 GBP = 1.1266 EURO

£1.00 GBP = 1.2817 USD

£1.00 GBP = 1.8091 AUD

£1.00 GBP = 1.9602 NZD

£1.00 GBP = 1.6801 CAD

£1.00 GBP = 18.5580 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 Includes:

GBP: Hopes dashed, Pound smashed
EUR: What the XXXX is Italy up to? 
USD: Fear strikes, Dollar spikes

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GBP: Hopes dashed, Pound smashed

Things really unravelled this week. The moment we’ve all been waiting for came and went. After countless rumours of an imminent Brexit deal it seems we are still at a stalemate with the EU over the Irish border.

So much so that the European leaders have even cancelled next month’s summit due to a lack of progress – there’s nothing to talk about.

On the domestic front, the Pound also retreated following soft readings for UK inflation and retail spending.

Just goes to show how quickly things can change in the foreign exchange markets.

EUR: What the XXXX is Italy up to?

We are used to Italy changing governments and forming complicated coalitions. But it hasn’t tended to cause problems for the rest of the EU…until now.

The current Italian government has proposed a ‘free-spending’ budget that is in serious breach of EU rules. Despite receiving a barrage of criticism, they are showing no signs of backing down.

This is causing disharmony in the EU and undermining the credibility of the Euro.

USD: Fear strikes, Dollar spikes

With stock markets suffering another big fall yesterday, risk aversion saw investors taking cover in the safety of the Dollar.

Exacerbating the move was the fact that the Pound and the Euro were having a bad day at the office for the reasons mentioned above.

Investors are still betting that more rate rises are coming in the US, so the appeal of the Dollar remains intact.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact our 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 19th October 2018 at 09:30

£1.00 GBP = 1.1389 EURO

£1.00 GBP = 1.3034 USD

£1.00 GBP = 1.8334 AUD

£1.00 GBP = 1.9840 NZD

£1.00 GBP = 1.7019 CAD

£1.00 GBP = 18.7656 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 Includes:

GBP: Is this the moment we’ve been waiting for?
EUR: Euro drifts down 
USD: Dollar back in favour

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GBP: Is this the moment we’ve been waiting for?

No one likes going into work on a Sunday. So it’s safe to assume that something important must be happening, because Dominic Raab, UK Brexit secretary, travelled to Brussels yesterday afternoon for a meeting with EU chief negotiator Michel Barnier.

It feels as though we are getting close to something concrete. Given the EU Summit commences on Wednesday, it would seem that both sides want to see if a deal can be reached this week.

But as we’ve been saying, Theresa May could face a bigger enemy at home. David Davis and Boris Johnson are openly critical of the deal as it stands. They will do their best to stage a rebellion.

There’s bound to be more twists and turns in the Brexit saga, which would trigger volatility in Sterling.

EUR: Euro drifts down

With fears over Italy still lingering, the Euro has been struggling of late.

The ECB President, Mario Draghi (who happens to be Italian), has made his feelings clear over the weekend stating that the Italian government needs to “calm down” and stop questioning the Euro as it is damaging companies and consumers.

Whether they will listen is another matter.

USD: Dollar back in favour

Buyers returned to the US Dollar during Asian trading hours this morning as Brexit uncertainty dented the appeal of the Pound and Euro.

After a brief lull in international trade wars, US Treasury Secretary stirred things up on Saturday saying that any future trade deals would encompass currency manipulation. The comment was thought to be aimed at Japan and China who are known to deliberately weaken their currencies to boost exports.

As we’ve pointed out previously, when things get scary, investors return to the Dollar.

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 15th October 2018 at 10:15

£1.00 GBP = 1.1350 EURO

£1.00 GBP = 1.3139 USD

£1.00 GBP = 1.8410 AUD

£1.00 GBP = 2.0106 NZD

£1.00 GBP = 1.7107 CAD

£1.00 GBP = 18.9959 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 Includes:

GBP: Luck of the Irish?
EUR: Firms up but risks remain 
USD: Dollar dives

Click for a Quick Quote

GBP: Luck of the Irish?

Sterling remains at elevated levels on hopes that a Brexit deal is imminent.

The EU’s chief negotiator has hinted that an announcement could be made as soon as next week.

The stumbling block remains the Irish border. The EU is adamant that checks must take place on goods crossing the border but the Northern Irish party is strongly opposed to this.

The problem is Theresa May’s government needs the support of the Northern Irish to retain a majority in parliament after her disastrous election result last year.

So the tail risk for Sterling is that May agrees a deal with the EU but can’t get it approved on home soil.

EUR: Firms up but risks remain

The Euro has found a bit of support as the week has unfolded.

Fears over Italy’s new freewheeling government have subsided for now. But the risks remain. Italy’s economy is 10 times the size of Greece – it can’t be swept under the carpet.

If the Italian’s begin to break EU fiscal rules it will undermine the Euro’s hard-fought reputation as a stable and sound currency.

USD: Dollar dives

The US Dollar has hit a 1-month low against a basket of its peers. A Wall Street sell-off and lower than expected inflation numbers yesterday triggered the falls in the buck.

The weak inflation numbers coupled with last week’s soft jobs data have lowered the prospects of further interest rate rises in the US. As a result, the Dollar is becoming less attractive to investors.

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 12th October 2018 at 10:40

£1.00 GBP = 1.1409 EURO

£1.00 GBP = 1.3219 USD

£1.00 GBP = 1.8566 AUD

£1.00 GBP = 2.0278 NZD

£1.00 GBP = 1.7210 CAD

£1.00 GBP = 19.0810 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