Buying opportunity - Pound up near 7-month highs

If you are looking to buy or sell Euros, you may be best trying to take advantage.

History tells us the inflation genie is hard to put back in the bottle.

And so it seems.

The Bank of England is finding inflation stubbornly high. It looks like interest rates will rise again next month.

It’s not great for the UK economy.

Last Friday’s UK retail figures were weak as consumers are hurting, so the Bank of England must tread carefully.

The US is facing a similar (if not worse) situation.

Consumer Confidence in the US has dipped to its lowest level since July last year.

The soft US data has pushed the GBP/USD rate to near a 7-month high.

The Euro is proving more resilient, however. It’s being helped by the big daddy of the EU: Germany.

Today we get the latest consumer confidence reading for German households. It’s expected to show a rise for the 7th consecutive month.

Of late, the GBP/EUR rate has struggled to find a clear direction.

So what next, what should you do?

If you are looking to buy or sell Euros, you may be best trying to take advantage of range bound trading rather than a break-out rate.

For anyone needing to buy US, Australian, Canadian or New Zealand Dollars, the Pound is at favourable levels so consider taking advantage of that.

As always, we are on hand to help with your currency requirements.

To understand more, speak to a member of our team, call 01872 487 500.

Or click below for our latest rates.

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 26th April 2023 at 11:20

£1.00 GBP = 1.1304 EURO

£1.00 GBP = 1.2469 USD

£1.00 GBP = 1.8878 AUD

£1.00 GBP = 2.0334 NZD

£1.00 GBP = 1.69994 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 surges on ugly UK inflation

Yes indeed - bad news can be Good News, for currencies anyway.

This morning the UK inflation rate has held above 10%.

While not great for the economy, it has given the Pound a big boost.

In recent times, currencies have been underpinned by expectations of more interest rate increases.

That trend continues.

You would have to say the overall trend in GBP/USD is positive and GBP/EUR is choppy with a negative bias.

Put simply, the Pound looks to be doing well against the US Dollar but is struggling against the Euro.

Those looking to buy Euros or US Dollars with their Pounds...

You may wish to take advantage of the bounce in the Pound today.

So what next, what should you do?

If you have upcoming requirements, please get in touch so we can discuss target rates and market trends.

To speak to a member of our team, call us on 01872 487 500.

Or to find out the latest exchange 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 19th April 2023 at 12:45

£1.00 GBP = 1.1353 EURO

£1.00 GBP = 1.2398 USD

£1.00 GBP = 1.8503 AUD

£1.00 GBP = 2.0060 NZD

£1.00 GBP = 1.6675 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

Same, the same but different.

That would sum up currency markets at the moment.

All the major currencies face the same two issues: inflation and interest rates.

But the UK, EU and US look to be at different stages in the cycle.

The UK is expected to be nearing the end of interest rate hikes.

Markets are pricing in an 80% chance of a 0.25% hike at the May meeting. That may prove to be the top.

In contrast, the European Central Bank is still beating the drum for much higher rates, there’s even talk of a 0.5% rise.

And the US is somewhere in between. A few more small hikes perhaps.

It’s important for currencies because higher interest rates lead to higher currency values.

In terms of reading the tea leaves, look out for UK GDP today, it is an important number.

The UK economy looks to be on firmer footing these days (limping not crawling along).

A strong reading should give Sterling a lift.

So what next, what should you do?

Any clients with requirements, please make sure to get in touch with the team in advance.

That way we can let you know if exchange rates move in your favour.

To find out the 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: 

Thursday 13th April 2023 at 10:10

£1.00 GBP = 1.1387 EURO

£1.00 GBP = 1.2284 USD

£1.00 GBP = 1.8350 AUD

£1.00 GBP = 1.9754 NZD

£1.00 GBP = 1.6834 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 shaky ahead of rate decision

A couple of big events happening this week…

Later today, we have an interest rate decision in the US.

The Fed is expected to raise rates by 0.25%.

This will have consequences all around the world as many countries are forced to ‘follow the leader’ in order to keep their currencies stable.

On Thursday, it’s the Bank of England’s turn.

Normally UK interest rates decisions are well-flagged ahead of meetings, but this one is highly uncertain.

Markets have been pricing in a 44% chance of no change versus a 56% chance of a 0.25% increase.

Interestingly, the Pound has shown some weakness ahead of the meeting.

Warning: No change would be bad news for the Pound.

As for the Euro, most of the focus remains on the banking system.

The collapse of Credit Suisse has dented confidence in the Euro area.

So what next, what should you do?

Right now, it’s about trying to get that story off the front page. Nothing to see here folks etc.

Lots going on, as always.

If you have currency requirements and would like to discuss your situation, feel free to speak to a member of our team on 01872 487 500.

Or to find out the 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 22nd March 2023 at 10:00

£1.00 GBP = 1.1387 EURO

£1.00 GBP = 1.2284 USD

£1.00 GBP = 1.8350 AUD

£1.00 GBP = 1.9754 NZD

£1.00 GBP = 1.6834 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

Budget Day, Rate Decisions & Fear Factor

Today we have the Budget due out in the UK.

Expect some volatility in the Pound as investors take in the details.

Remember the meltdown after the mini-Budget from September 2022?

Let’s hope it’s as dull as dishwater.

On Thursday we have the ECB rate decision. Interest rates are expected to rise by 0.5% in the EU.

Anything outside of that and GBP/EUR could go haywire.

And in the US, there are still daily jitters around the collapse of Silicon Valley Bank.

The Fed is doing its best to bring calm, but collective fear is a difficult beast too tame.

So what next, what should you do?

With everything going on, there’s plenty of potential for market opportunities.

Make sure you reach out to the team with any upcoming requirements.

You can call us on 01872 487 500.

Or 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 15th March 2023 at 10:30

£1.00 GBP = 1.1350 EURO

£1.00 GBP = 1.2100 USD

£1.00 GBP = 1.8202 AUD

£1.00 GBP = 1.9489 NZD

£1.00 GBP = 1.6613 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