Something strange is happening…

The more chaotic Brexit becomes, the more Pound Sterling is going up.

Why?

Because currency markets are now increasingly pricing in that Brexit won’t happen.

There’s only just over 2 months before the UK is meant to leave the EU. But there is no Brexit plan in place and MPs have made it clear they don’t want a no deal Brexit.

It leaves the most likely outcome as an extension of Article 50 or calling the whole thing off. Betting platforms have bumped up the odds to 1 in 3 that Brexit will never happen.

Theresa May and the EU have confirmed no extension has been requested. And note - an extension will need approval from the EU’s 27 members.

On Monday next week the Prime Minister is expected to outline the way forward.

What are her chances of gaining a consensus on anything?

With so much uncertainty, sustained volatility in the Pound looks inevitable.

One thing we can do however is help you secure a rate of exchange and mitigate your ongoing currency risk.

Click here for a Free quote.

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: 

Friday 18th January 2019 at 09:10

£1.00 GBP = 1.1357 EURO

£1.00 GBP = 1.2640 USD

£1.00 GBP = 1.8031 AUD

£1.00 GBP = 1.9164 NZD

£1.00 GBP = 1.7179 CAD

£1.00 GBP = 17.8489 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

• 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.
• 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