Clé France

After a few wobbly weeks, the Pound has regained momentum.

Against the US Dollar, GBP is sitting at 3-month highs and is within a whisker of 3-year highs.

While the current trend against the Euro is not as obvious, the Pound is right near the top end of its 1-year range.

Recently the Pound has benefited from data showing the UK economy is rebounding strongly.

The same can’t be said for the Euro, which has been weighed down by the fact that the Eurozone bloc slipped into a double-dip recession in the first quarter of this year.

While COVID news in the UK continues to be positive, we think the upside is already priced into the Pound. If anything, the Pound may be at risk due to growing concerns over the spread of the Indian variant of the coronavirus.

In contrast, the European vaccine programme has a long way to go – which sounds negative – but actually leaves plenty of upside for the Euro ahead.

So when should YOU Exchange your money?

We appreciate it’s never easy to decide on the right time to exchange your money.

There’s always an excuse to defer.

However, with all the uncertainty that lies ahead, you may consider locking in an exchange rate.

It will allow you to make firm plans, budget more effectively, and give you one less thing to worry about.

To speak to a trader, call us 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: 

Wednesday 19th May 2021 at 10:25

£1.00 GBP = 1.1606 EURO

£1.00 GBP = 1.4177 USD

£1.00 GBP = 1.8263 AUD

£1.00 GBP = 1.9668 NZD

£1.00 GBP = 1.7119 CAD

£1.00 GBP = 19.8888 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.

  

• 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.

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

What’s driving exchange rates right now?

Investors are looking beyond Covid…

Most of the recent news about exchange rates is centred on politics or the economy.

In the UK, there is an immediate risk from the Scottish elections.

Talk of another Scottish referendum would be extremely damaging for the Pound.

In Europe, economic sentiment is at its highest level since September 2018, despite the threat of a third Covid wave.

And in the US, a string of positive data, including GDP growth and falling jobless claims, has given the Dollar a boost. The Federal Reserve is even considering an interest rate rise as the US economy could overheat.

Basically, there are signs of recovery across the board.

Currencies have gone from a race to the bottom to a race back up.

One thing’s for sure – the news never stops – which means exchange rates never sit still for long.

Make sure any upcoming transactions are protected against the risks of sudden market movements.

Call us on 01872 487 500 to discuss your requirements and levels to aim for.

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: 

Wednesday 5th May 2021 at 13:45

£1.00 GBP = 1.1591 EURO

£1.00 GBP = 1.3905 USD

£1.00 GBP = 1.7979 AUD

£1.00 GBP = 1.9334 NZD

£1.00 GBP = 1.7067 CAD

£1.00 GBP = 20.0705 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.

  

• 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.

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

While the Pound started 2021 with a bang, the upward momentum has fizzled of late.

Against both the Euro and Dollar, the Pound has tumbled from it’s near-term peaks.

The Euros recent resilience has come as a surprise too many investors, given that Europe seems to be facing a third wave of coronavirus cases.

Despite seeing falls in Pound Sterling last week, it’s not all one-way traffic.

Even in the absence of economic news, you still see daily fluctuations driven by technical trading.

That can cause erratic movements with no obvious explanation.

The point is exchange rates never move in a straight line.

There are always opportunities for buyers and sellers over different time horizons.

It pays to keep in touch, so we can work together on the best approach for your currency conversions.

If an opportunity arises where the exchange rate moves favourably for you, then we can reach out to make the most of the movement.

You can call us on 01872 487 500 to speak to one of our team.

Or to find out our latest rates, click on the link 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: 

Wednesday 28th April 2021 at 10:15

£1.00 GBP = 1.1502 EURO

£1.00 GBP = 1.3886 USD

£1.00 GBP = 1.7928 AUD

£1.00 GBP = 1.9347 NZD

£1.00 GBP = 1.7221 CAD

£1.00 GBP = 19.9471 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.

  

• 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.

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

The Pound has found some support again in recent days.

It comes after an April sell-off saw the Pound fall to 2-months lows against the Euro.

For a while now, the GBP/EUR rate has reflected the ‘race of the rollout’.

Opposing forces are driving the Euro. The vaccine rollout is being ramped up, but that is being offset by the third wave of the virus.

The Pound is in a different place.

The UK has already undergone a rapid rollout, and the market now expects a swift economic recovery from here.

It means investors will increasingly be watching economic data coming out of the UK (jobs, growth, inflation etc).

That’s what investors used to do before Brexit and a global pandemic took over the market.

The risk for the Pound is whether it’s ‘priced for perfection’ and is susceptible to any setbacks – such as a rise in infections as rules are relaxed and people come out to play.

I would expect a bumpy ride ahead.

These are far from ordinary times!

If you would like some guidance on rates and timing, why not get in touch.

To speak to a trader, call 01872 487 500.

Or to find out our latest exchange 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: 

Thursday 22nd April 2021 at 09:50

£1.00 GBP = 1.1553 EURO

£1.00 GBP = 1.3902 USD

£1.00 GBP = 1.7950 AUD

£1.00 GBP = 1.9357 NZD

£1.00 GBP = 1.7381 CAD

£1.00 GBP = 19.8712 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.

  

• 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.

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

It is possible to travel to and from France from the UK [and many other countries] at the moment, but to read the newspapers and watch the TV news you would not think so.

We see many a frustrated email from our clients that want to go and view properties but they think they are not allowed to travel, this is simply not the case.

You are allowed to travel, to quote the UK Governments travel advisory page it says "to carry out activities related to buying, selling, letting or renting a residential property".

It is however, as you may have thought, not as easy as it used to be, let me explain:

- 1. Permitted reasons for international travel

Read here on the UK Government website the "Reasonable excuses for travel abroad"

It is noted as follows:

Other permitted reasons

There are further reasonable excuses, for example:

- to fulfil legal obligations
- to carry out activities related to buying, selling, letting or renting a residential property
- travel in order to exercise custody rights recognised by a court decision
- order to present oneself to a judicial or administrative authority

Recommended evidence: proof of contract, court decision and proof of place of residence, order to present oneself to a judicial or administrative authority, expiring residence permit, dismissal notice, letter or appointment details from estate agent [which we can provide], relevant contract or letters detailing sales, or other appropriate documentation or other appropriate documentation.

This will remain the case after the 29th March when the current stay at home guidance ends: you will still need a travel declaration form:

- 2. Legislation – the legal requirement to carry the travel declaration form

You will need to complete the travel declaration form to leave the UK

- 3. On 11 March, the French government announced it was easing restrictions on travel from the UK. From 12 March, arrivals no longer need to justify an essential reason to enter France. This applies to all air, car, ferry and train passengers.

- 4. Arrivals from the UK will need to complete a ‘sworn statement’ (déclaration sur l’honneur) form self-certifying they are not suffering from symptoms associated with coronavirus and have not been in contact with confirmed cases in the preceding fortnight. This can be found on the French government’s website.

- 5. All travellers from the UK, including children aged 11 and above, will need to present a negative COVID-19 test result, carried out less than 72 hours before departure. Only PCR tests are accepted for passengers
- 6. Passengers arriving in France from the UK will also be required to self-isolate for seven days on arrival, before taking another PCR test. Exit from this self-isolation period is subject to a negative test result. Please find more information on how to obtain a PCR test in France here.

- 7. UK nationals returning home from France must provide evidence of a negative COVID-19 test result taken up to 3 days before departure.

- 8. You have to self quarantine for 10 days on arrival back in the UK

Blog submitted by: Sharon Evans - Founder of Cle France.

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