The Euro has reached a 6-month high against the Pound.

This is after last week’s Bank of England interest rate hike.

The 0.25% rise brings interest rates to a 13-year high, to combat rising inflation.

The warning that inflation could soar to 10% was more of a surprise.

As a result, the Pound took a hit.

The Pound is looking vulnerable, with signs that the UK economy is starting to slow.

On the other hand, the US economy is fairing much better.

There’s also a 5-year high for the US Dollar against the Euro.

It’s a chaotic time economically and politically in the UK and beyond.

This has made the currency markets particularly volatile.

If you want to make a currency transfer soon, it could pay to discuss it with your account manager.

If you have a currency transfer in mind, click below to get a free quote or call 01872 487 500.

Thanks For Reading, What Next?

• To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
• Need to Trade Your Currency soon, then 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: 

Thursday 11th May 2022 at 10:25

£1.00 GBP = 1.1721 EURO

£1.00 GBP = 1.2382 USD

£1.00 GBP = 1.7660 AUD

£1.00 GBP = 1.9514 NZD

£1.00 GBP = 1.6046 CAD

£1.00 GBP = 19.8116 ZAR

• Want to Learn More?

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  • At Clé France / Key Currency, many of our customers have a need for currency exchange.
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  • 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.

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