The Pound has staged a comeback since last week.

And with good reason…

This Thursday we have the latest Bank of England meeting.

The market is pricing in an 85% chance of a hike in UK interest rates.

This would be seen as positive for the Pound.

In the US, the Federal Reserve is headed the same way. They are expected to raise rates next month.

This is boosting the appeal of the US Dollar.

Europe is lagging behind. The ECB is not under the same pressure to raise rates.

Put simply, the difference in interest rate policy is good for the Pound and US Dollar and bad for the Euro.

That’s the state of play right now.

But you never know what’s around the corner…

A political scandal, a recession, another Covid variant, even a war is possible.

That’s why it makes sense to take advantage of favourable moves.

It gives you certainty.

If you would like any guidance, you can speak to a member of our team on 01872 487 500.

Or to find out our latest rates, click below.

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: 

Tuesday 1st February 2022 at 10:15

£1.00 GBP = 1.1993 EURO

£1.00 GBP = 1.3501 USD

£1.00 GBP = 1.90365 AUD

£1.00 GBP = 2.0481 NZD

£1.00 GBP = 1.7113 CAD

£1.00 GBP = 20.6499 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.

  

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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