Find out what’s driving GBP, EUR & USD

There’s two big themes in the currency markets right now…

Inflation and War.

Both have serious consequences for exchange rates.

First inflation. The Bank of England, along with other leading central banks are in a race to contain inflation by raising interest rates.

A few more hikes from the Bank of England are expected before the year is out.

This would be positive for the Pound.

In the US, it’s a similar situation. In fact, Goldman Sachs are now predicting seven rate rises during 2022! If so, the US Dollar would charge higher.

The EU is a bit of a laggard in tackling inflation. This is holding back the Euro.

So it’s a case of a ‘race to the top’ of the interest rate mountain. The higher the climb, the stronger the currency.

As for the threat of war, it’s anyone’s guess what Putin is planning.

But if things escalate it will favour safe-haven currencies like the US Dollar, Swiss Franc and Japanese Yen. The Pound is likely to get sold off in the event of trouble.

It can be tricky trying to navigate foreign exchange markets alone.

If you have currency requirements over the coming weeks and months, please do get in touch.

Part of our service is to help discuss and agree on the right time to exchange your money.

Call us on 01872 487 500 to speak to a member of our team.

Or click below to find out our latest exchange rates.

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: 

Wednesday 16th February 2022 at 09:30

£1.00 GBP = 1.1924 EURO

£1.00 GBP = 1.3567 USD

£1.00 GBP = 1.8899 AUD

£1.00 GBP = 2.0387 NZD

£1.00 GBP = 1.7208 CAD

£1.00 GBP = 20.4453 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