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Pound holds up despite lockdown risk

The Pound has been remarkably resilient this week despite the new lockdown measures.

It’s not good news for the battered UK economy.

The three-tier system will cause plenty of financial tears, the longer it goes on.

Why’s the Pound not crashing down?

It’s being supported by hope for a breakthrough on Brexit.

Hope being the operative word.

As always, it’s tricky to know what to believe with Brexit.

While the EU’s Michel Barnier says we are inching towards a deal, the French minister, Jean-Yves Le Drian, says a no-deal Brexit looks likely at this point.

We would be more calm if the markets were more nervous.

It seems to us that there is a degree of complacency about the political risks hovering over GBP.

If you need to transfer money abroad, you may wish to protect yourself from the turmoil ahead by securing a favourable exchange rate.

To speak to a trader, call us on 01872 487 500.

Or to find out our latest rates, please click below.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 14th October 2020 at 09:30

£1.00 GBP = 1.0979 EURO

£1.00 GBP = 1.2891 USD

£1.00 GBP = 1.7970 AUD

£1.00 GBP = 1.9351 NZD

£1.00 GBP = 1.6929 CAD

£1.00 GBP = 21.3063 ZAR

Cle France Currency Guide link

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

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