Pound down but not out

Weather outlook: sunny

Pound outlook: cloudy with the chance of a storm

Last week the Bank of England raised rates again (as expected) but also warned the UK could be facing a recession lasting 5 quarters.

The Pound is also grappling with political uncertainty as we await a new Prime Minister – though the odds suggest this is a done deal.

However, there could be something big brewing…

The recent talk is that we may be getting close to ‘peak inflation’.

It explains why stock markets are suddenly surging back up.

If that becomes true, then the doomsayers may retreat to their caves and those currencies hardest hit (such as the Pound) would have the most to gain.

In currency markets, one person’s risk is another’s opportunity.

If you have an upcoming currency transfer, exchange rate movements are so important.

It could be hugely beneficial to speak to one of our account managers and discuss the timing of your transfer.

Click the link below to get a free quote or call 01872 487 500.

Current rates: 

Thursday 11th August 2022 at 10:16

£1.00 GBP = 1.1827 EURO

£1.00 GBP = 1.1220 USD

£1.00 GBP = 1.7222 AUD

£1.00 GBP = 1.9044 NZD

£1.00 GBP = 1.5601 CAD

£1.00 GBP = 19.8384 ZAR

• 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