Risk event for the Pound next week

Are we there yet?

Yes, is the likely answer.

We may well have reached peak interest rates after the Bank of England hit ‘pause’ last week.

The US Federal Reserve and the European Central Bank did the same (safety in numbers).

So what now?

The coming week will be less about central bank meetings and more about central banker speeches.

The question everyone is asking is whether inflation will keep falling.

The signs are good.

Andrew Bailey, the Guv at the Bank of England, expects inflation to “fall dramatically” when the next month of inflation data is released next Tuesday.

That’s a big call, he sounds mighty confident, I suspect he knows something we don’t.

Watch out for that one.

If he’s right, the Pound could cop a hammering.

The US Dollar got hit late last week on a soft jobs number because it will mean the US Fed can pause for a while.

That’s why I am nervous about the Pound.

We still see range-bound trading as the most likely scenario for now because the central banks are acting in unison.

On that basis, there will still be plenty of opportunities to take advantage of the inevitable ups and downs that occur in currency markets.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

We can assist you with your currency requirements, please do get in touch.

You can call us on 01872 487 500.

To learn more or find out our latest rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 8th November 2023 at 10:00

£1.00 GBP = 1.1482 EURO

£1.00 GBP = 1.2250 USD

£1.00 GBP = 1.9066 AUD

£1.00 GBP = 2.0679 NZD

£1.00 GBP = 1.6889 CAD

£1.00 GBP = 1.1049 CHF

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• 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.

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

Critical Week for Pound & Dollar

A big week ahead for the US Dollar and UK Pound.

Later today we have the latest US Fed meeting. No change in interest rates is expected but as always, the wise words that follow will offer up critical clues.

The US economy is pumping, so we see the Fed talking aggressively about rates.

On Thursday, attention will turn to the Bank of England.

Same as above, no change in rates is expected this month.

Last month the committee was almost split on their decision, so expect intellectual fireworks.

I know some economists think there might even be some talk about rate cuts next year given the fragile state of the British economy.

If so, it would create what is known as ‘policy divergence’. It matters a lot for the Pound.

With the Fed still tightening, it could well weaken GBP/USD from here.

We also see the ECB as firmly in pause mode, which will keep the Euro solid.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

A testing week, so please get in touch to discuss your currency requirements.

You can call us on 01872 487 500.

To find out our latest rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 1st November 2023 at 11:30

£1.00 GBP = 1.1505 EURO

£1.00 GBP = 1.2130 USD

£1.00 GBP = 1.9134 AUD

£1.00 GBP = 2.0841 NZD

£1.00 GBP = 1.6838 CAD

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• 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.

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

Market Opinion for GBP / EUR and GBP / USD

One of the truths in finance is “nothing moves in a straight line”.

Whether it’s currencies, share prices or your own money (that mostly goes down).

And that’s the core problem for central banks today.

Is inflation still going down or is it headed back up?

In the UK, inflation didn’t budge last month (it was expected to fall). In Australia, it was announced today that inflation has jumped back up. And in the US, it headed back up in July and August after falling heavily at the start of the year.

It matters a lot for currencies.

Inflation drives interest rates. And interest rates drive currencies.

I suspect the Bank of England may pause interest rates at the next meeting. The European Central Bank is expected to do the same tomorrow.

In the absence of rate hikes, currencies may consolidate rather than trend. There can still be big moves, but they may hold within a range.

GBP/EUR and GBP/USD both look to be consolidating.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you are looking to transfer your money, please do get in touch so we can discuss rates and timing.

You can call us on 01872 487 500.

To find out the latest rates and get ahead of the pack, register with us by clicking below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 25th October 2023 at 11:30

£1.00 GBP = 1.1465 EURO

£1.00 GBP = 1.2124 USD

£1.00 GBP = 1.9134 AUD

£1.00 GBP = 2.0820 NZD

£1.00 GBP = 1.6704 CAD

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• 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.

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

What’s really driving the British Pound right now

Some pretty clear trends have emerged in the past few sessions.

The Pound is clearly down against the Euro and US Dollar, but clearly up against the Australian, Canadian and New Zealand Dollars.

The explanation to that mystery lies in the pecking order of currencies.

When geopolitical risks rise (code for war), the big money (think billions) moves away from some currencies and into others.

The US Dollar tends to be a big beneficiary – it’s the world’s reserve currency. The Euro (despite being only 24 years old) is also considered a solid bet.

We’ll call the Pound a ‘mid-table’ currency among the heavyweights and the more commodity-driven, British colony currencies (AUD, CAD and NZD) are highly sensitive to sentiment (they get dumped).

You could say that knee-jerk response to troubled times is unfair and even outdated, but it still seems to go on.

Basically, market reactions can become self-fulfilling. If enough people believe something is going to happen, then it will.

As always, there’s plenty of data coming out.

We note UK inflation came in higher than expected this week and futures markets indicate there is around a 50% chance of another rate hike before the end of 2023.

That should give the Pound some support when the war drums quieten down.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you have any currency requirements, please do get in touch.

You can call us on 01872 487 500.

To find out the latest rates and get ahead of the pack, register with us by clicking below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 19th October 2023 at 10:00

£1.00 GBP = 1.1486 EURO

£1.00 GBP = 1.2105 USD

£1.00 GBP = 1.9197 AUD

£1.00 GBP = 2.0789 NZD

£1.00 GBP = 1.6624 CAD

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• 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.

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

Pound looking good in October, but for how long?

The Pound has formed some nice uptrends in October so far.

GBP has not only climbed against the Euro and US Dollar, but also against the Aussie and Canadian Dollars too.

I wouldn’t say it’s backed up by fundamentals.

The data out of the UK economy has been pretty mixed lately.

As you would expect, financial markets have turned their attention to the situation in Israel.

Stock markets have rallied. That might seem counter-intuitive, but it’s because investors are expecting central banks to take a more cautious view now and hit pause on interest rate hikes.

Currency markets have not reacted as strongly as you might expect.

Typically, on the outbreak of war, the US Dollar would go up due to it’s safe-haven status and Pound Sterling would weaken relatively. It hasn’t really happened so far.

It still remains a risk if the situation in the Middle East gets worse.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you are looking to sell Pounds and buy Euros or Dollars, you should bear that in mind.

Please get in touch if you have any upcoming requirements so we can keep an eye on rates for you.

You can call us on 01872 487 500.

To find out our latest rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 12th October 2023 at 10:10

£1.00 GBP = 1.1574 EURO

£1.00 GBP = 1.2298 USD

£1.00 GBP = 1.9181 AUD

£1.00 GBP = 2.0489 NZD

£1.00 GBP = 1.6718 CAD

• Want to Learn More?

• We have created a selection of Free PDF Guides for you to download covering many aspects of buying property abroad, visit our PDF Guides Page today or download our "Buying A Property in France" Guide PDF document.

• Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.

  

• 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.

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