Today's Currency Market Focus

GBP: No one mention the B word
EUR: Tricky times 
USD: Donald’s not happy

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GBP: No one mention the B word

The Pound has recovered in the last few sessions, helped along by a lack of news on Brexit.

That could be about to change as the British Brexit minister, Dominic Raab, has been in Brussels this week trying to break the ‘No Deal’ deadlock.

It already seems likely that the October deadline to agree a deal will be missed and therefore result in an emergency EU summit in November.

We see the current rally as temporary with investors taking advantage of Pound weakness given its recent poor run.

EUR: Tricky times

Like the Pound, the Euro has come under significant pressure recently, but for different reasons. This week, it too is enjoying a mini-rally.

However, while the Pound is focused on a single issue (Brexit), the Euro faces risks on multiple fronts. Turkish Lira depreciation, US-China trade tension and Italian budget blow-outs are all simmering in the background.

It makes the Euro a tricky currency to trade right now.

USD: Donald’s not happy

The Dollar continues to drift lower after its monster multi-month rally.

Donald Trump upset the applecart yesterday saying he was “not thrilled” with the Fed raising rates.

The Fed Chairman, Jerome Powell, is relatively new to the hot seat and Trump doesn’t like what he’s seeing so far. Let’s not forget that Trump made his fortune in highly leveraged property investments and is on record as saying he’s a “low-rate guy”.

Investors and President Trump will be keeping a close eye on the latest Fed minutes due out later today.

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 22nd August 2018 at 17:50

£1.00 GBP = 1.1139 EURO

£1.00 GBP = 1.2913 USD

£1.00 GBP = 1.7573 AUD

£1.00 GBP = 1.9285 NZD

£1.00 GBP = 1.6608 CAD

£1.00 GBP = 18.3428 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 

Today's Currency Market Focus

GBP: Bored of Brexit
EUR: Wild Turkey
USD: Dollar dips, panic passes

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GBP: Bored of Brexit

There’s not a lot of data due out this week but we all know that Sterling is far more dependent on Brexit news.

It’s hard to know if anything is happening at all. It seems we are at stalemate with the Europeans and most politicians are lounging somewhere in the sun.

I note however that the PM was still tweeting away yesterday saying “The government is delivering a Brexit for the people.” What does that mean? Another soundbite with no substance. No wonder polls show 60% of “the people” are bored of Brexit.
At least the economy is in better form.

EUR: Wild Turkey

The panic may have subsided in Turkey but speculators are clearly not convinced the worst is over.

Data from the futures markets shows that bearish positions in the Euro have escalated in the last two weeks. The overall position is now in negative territory for the first time since May 2017.

On Thursday the minutes from the recent ECB meeting are released. These will be watched closely as investors see if the committee is moving towards tightening.

USD: Dollar dips, panic passes

The Dollar has come off highs in the last couple of sessions as investor demand for safe-haven currencies has faded.

Trade talks between the US and China are scheduled for Tuesday and Wednesday, although these are not being carried out by high level officials.

As for Turkey, the Lira has risen from its lows but there is little news to support the move. Investors will be awaiting the latest Fed minutes due out on Wednesday.

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: 

Monday 20th August 2018 at 12:30

£1.00 GBP = 1.1178 EURO

£1.00 GBP = 1.2763 USD

£1.00 GBP = 1.7470 AUD

£1.00 GBP = 1.9285 NZD

£1.00 GBP = 1.6684 CAD

£1.00 GBP = 18.5650 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 

You are on our Shiny Updated Website.

At Clé France, we are always looking to improve your experience searching for the perfect French property.

Your dreams can begin by searching and navigating our new website.

We have recently updated our website to include many more features and make your experience a whole lot better, or at least we hope we have done that, what do you think?

Some improvements we have made are:

* Mobile Friendly - Your experience using the site on a tablet or mobile device is much improved including viewing images of properties for sale.

* Larger image sizes - We have increased the size of our images so you can view the properties for sale in even greater detail.

* For Sellers - We have simplified the process of listing your property for sale with Clé France. Take a look at the 'Selling' tab for more good news, there is no charge now. 

* Sharing and Social Media - We have made it easier than ever for you to share your favourite properties with Friends and Family.

* Removed Clutter - We have made a big effort to remove clutter from the website and give you a bright, clean and clear screen so you can enjoy the fabulous properties for sale. 

* Website Security - With a dedicated server any data stored on the website has the latest security measures protecting it.

* Meet the Team - We have introduced a new page where you can 'Meet the Team' and contact any of us to ask questions you may have or indeed enquire about our services.

There are always improvements to be made on the website, so we value your feedback.

So take a tour of the new Clé France website and let us know what you think.

You can Meet the Team Here.

Kind regards, 
David Evans 
Co-Founder of Clé France.

Hi Sharon,

Thanks for the email, completion on the property went perfectly, I would like to say that your agent has been an absolute superstar with everything

Kind regards, Debbie.

Buying a Chateau, Manor House, Farmhouse, Cottage, Holiday Home, Lake or just a Plot of land in France is easy with Cle France, You can do the same, it is easy for you because WE guide YOU through the French Property Buying Process from the very start to completion and beyond!

And as several of our clients say "Follow your heart and make the move"!

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

Today's Currency Market Focus

GBP: Is Sterling a falling knife?
EUR: Pushed around
USD: Back to the uptrend

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GBP Is Sterling a falling knife?

Sterling doesn’t have many friends at the moment.

According to Reuters, selling momentum from hedge funds and speculators is at its highest level in 5 years.

It’s all to do with Brexit and its impending deadline – which is now only 8 months away.
The UK economy, while not flying, has been resilient.

Today we have the latest economic growth (GDP) figures, which is expected to be 1.3%, up from 1.2% last quarter. It might offer some respite to the Pound, but don’t expect it to last long.

EUR: Pushed around

There’s been a lack of EU news this week but that still doesn’t mean the Euro won’t swing around.

Currencies are a relative measure, so in the absence of local events, the Euro will be dictated by news elsewhere.

This has been evident this week with GBP/EUR led by Sterling weakness and EUR/USD driven by Dollar strength.

USD: Back to the uptrend

After some wobbles earlier in the week, the dollar continues its ascent and is just short of a 13-month high against a basket of currencies.

Simmering troubles with Russia and Turkey are bringing buyers to safe-haven currencies like the US Dollar (and Swiss France & Japanese Yen).

In addition, the US economy looks to be on the up. Today we have the latest inflation (CPI) reading, which is forecast to be 2.9% - a level that would suggest more rate rises are needed.

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: 

Friday 10th August 2018 at 12:50

£1.00 GBP = 1.1146 EURO

£1.00 GBP = 1.2774 USD

£1.00 GBP = 1.7470 AUD

£1.00 GBP = 1.9355 NZD

£1.00 GBP = 1.6725 CAD

£1.00 GBP = 17.7342 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