Pound up, but beware the R-word

The Pound has started the week with a boost.

It’s up against both the Euro and US Dollar.

However, economists are predicting a UK recession - potentially lasting until 2024.

That’s an ominous prediction.

If the UK economy is in fact shrinking, the Pound strength we’ve seen could be short-lived.

Buyers of Euros or Dollars should keep this in mind.

All important GDP data is out on Friday.

This will tell us a lot more about the health of the UK economy.

So what next, what should you do?

If you’re looking to make a currency transfer, you could save money by discussing timing and rates with your Account Manager.

Click below to get an exchange rate quote or call 01872 487 500.

Get a free quote here

Current rates: 

Tuesday 8th November 2022 at 10:00

£1.00 GBP = 1.1490 EURO

£1.00 GBP = 1.1493 USD

£1.00 GBP = 1.7739 AUD

£1.00 GBP = 1.9363 NZD

£1.00 GBP = 1.5513 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