UK Office: 0044 (0)1440 820 358

Clé France

The French Property Network

Currency News - How will Amber Rudd's resignation affect the Markets

GBP: Rudderless Pound takes a beating

The Pound had a shocker on Friday after GDP figures (economic growth) were the worst since 2012. The dip in the UK economy has caused a real stir in the City, with many analysts now believing the May rate hike is all but cancelled. 

The pain could continue today after Home Secretary Amber Rudd has resigned. That’s Teresa May’s 4th Cabinet member to quit in the last 6 months. 

EUR: Volatility returns

The Euro has been a bastion of stability for the last 6 months or so, but in recent weeks volatility has returned. 

Against Sterling, the Euro has been whipsawing up and down. It’s not been without reason. 

Both the UK and the EU have had a raft of poor data in recent weeks. The Bank of England and European Central Bank look to be retreating back to the shadows after threatening to change policy. 

If the Euro is to bring back buyers the data needs to improve, but tomorrow there’s a forecast fall in EU and Italian GDP, which won’t help the situation.  

USD: A potential spanner in the works

Unlike the UK, the US delivered a solid GDP reading on Friday. At 2.3% annualised, growth in the US is almost double that of the UK. 

The main event this week is the US Federal Reserve’s May meeting, which runs over Tuesday and Wednesday. No rate change is expected, but it should offer up clues on future rate rises. 

One potential spanner in the works is that four of President Trump’s top advisors head to China later this week for trade negotiations. Trade with China remains a volatile issue. 

Key Currency

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 30th April 2018 at 14:50

£1.00 GBP = 1.1385 EURO

£1.00 GBP = 1.3745 USD

£1.00 GBP = 1.8229 AUD

£1.00 GBP = 1.9523 NZD

£1.00 GBP = 1.7654 CAD

£1.00 GBP = 17.0767 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 now.

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


Comments
(Please login/register to leave a comment)
(There are no comments yet)

Follow Us for the Latest Info

Cle France You Tube Cle France Instagram Cle France Twitter Cle France Facebook

Quick Search

Minimum Beds/Baths

Price Range

Land in sq metres (1 acre = 4000M2)

Join the Mailing List

Select subscriber list :

Featured Properties

Property of the Week

Property of the Week
 

Huge Potential

BHJ03755 - Mayenne

Priced at €44,200 € FAI