Pound Sterling is on a roll at the moment

It recently hit 15-month highs versus the US Dollar and almost 11-month highs versus the Euro.

The main driver is, as usual, the outlook for interest rates.

Investors have repriced the Pound on the basis that rates will stay “higher for longer”.

Market expectations are for UK interest rates to hit at 6.5% by the end of next year.

What’s more alarming is economists believe it will push the UK economy into recession.

But the priority is to crush inflation. So up and up they go.

I’m not convinced they will keep rising as much as expected.

Inflation data in most other countries has started to soften quite quickly.

Anyway, what matters for now is that the market believes the Bank of England will be more aggressive than other countries – and higher rates mean a higher Pound.

So what next, what should you do?

If you are looking to exchange Pounds into EUR, USD, CAD, NZD or AUD – these are favourable times!

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

To get the latest exchange rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 12th July 2023 at 10:30

£1.00 GBP = 1.1730 EURO

£1.00 GBP = 1.2933 USD

£1.00 GBP = 1.9328 AUD

£1.00 GBP = 2.0866 NZD

£1.00 GBP = 1.7082 CAD

• 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.

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