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Rate Alert: Pound set to Plummet

Today there is an important rate meeting.

While it’s widely expected the Bank of England will hike rates, it doesn’t make a lot of sense.

The UK economy has the slowest growth of the G7 economies. And there’s plenty of Brexit uncertainty that lies ahead.

The irony is that even if the Bank of England raises rates, it may in fact trigger a fall in the Pound, not a rise.

That’s because any rate rise today is likely to offset by a cautious outlook.

If you have exposure to the Pound, please contact us now for current exchange rates and guidance.

Click here for a free quote

Rate Alert - Click for a Quote

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please 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 2nd August 2018 at 12:00

£1.00 GBP = 1.1252 EURO

£1.00 GBP = 1.3075 USD

£1.00 GBP = 1.7764 AUD

£1.00 GBP = 1.9361 NZD

£1.00 GBP = 1.7044 CAD

£1.00 GBP = 17.5827 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document.

Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

For everything you need to know about French property visit www.clefrance.co.uk 


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