Coronavirus continues to be the main news event.
The knock-on effects are very real.
Stock markets have lost trillions.
And currency markets are highly unstable.
In response to the outbreak, Central Banks around the world have begun to cut interest rates.
The UK could be the next to follow.
Money markets are pricing in almost a 100% chance of a rate cut by the Bank of England this month.
It wasn’t long ago that the next rate move was expected to be up.
The sudden change of outlook has taken the wind out of the Pound’s sails.
And with trade talks underway with the EU, it adds another layer of currency risk.
So what should You do?
There is so much uncertainty on the horizon that it’s difficult to foresee what is next for exchange rates.
If you would like to secure certainty over your currency transfers, you can lock-in a fixed exchange rate today.
Call us on 01872 487 500 or to find out the latest rates, request a quote below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 4th March 2020 at 10:50
£1.00 GBP = 1.1458 EURO
£1.00 GBP = 1.2782 USD
£1.00 GBP = 1.9342 AUD
£1.00 GBP = 2.0332 NZD
£1.00 GBP = 1.7081 CAD
£1.00 GBP = 19.5620 ZAR
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
