Pound looking good in October, but for how long?

The Pound has formed some nice uptrends in October so far.

GBP has not only climbed against the Euro and US Dollar, but also against the Aussie and Canadian Dollars too.

I wouldn’t say it’s backed up by fundamentals.

The data out of the UK economy has been pretty mixed lately.

As you would expect, financial markets have turned their attention to the situation in Israel.

Stock markets have rallied. That might seem counter-intuitive, but it’s because investors are expecting central banks to take a more cautious view now and hit pause on interest rate hikes.

Currency markets have not reacted as strongly as you might expect.

Typically, on the outbreak of war, the US Dollar would go up due to it’s safe-haven status and Pound Sterling would weaken relatively. It hasn’t really happened so far.

It still remains a risk if the situation in the Middle East gets worse.

So what next, what should you do?

Get ahead of the game and read our Guide to Foreign Currency Exchange.

Download the Guide Here - with no obligation of course.

If you are looking to sell Pounds and buy Euros or Dollars, you should bear that in mind.

Please get in touch if you have any upcoming requirements so we can keep an eye on rates for you.

You can call us on 01872 487 500.

To find out our latest 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 October 2023 at 10:10

£1.00 GBP = 1.1574 EURO

£1.00 GBP = 1.2298 USD

£1.00 GBP = 1.9181 AUD

£1.00 GBP = 2.0489 NZD

£1.00 GBP = 1.6718 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.

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

The one Megatrend in Currency Markets

Right now there is one 'Megatrend' in currency markets…

The strength of the US Dollar.

The US Dollar has gained against the Euro for 11 weeks straight.

And against the Pound, the Dollar now sits near 7-month highs.

It’s more astonishing when you consider the US has had a lot of nasty news recently.

As always, it seems to come down to interest rates.

The US economy is proving resilient, allowing the US Federal Reserve to keep rates higher for longer.

The same can’t be said for the UK and Europe, where it’s economic eggshells.

If anything, investors are pondering whether rate cuts may be on the medium-term horizon.

It’s a balancing act for central banks – how to kill inflation without killing the economy. Ideas anyone?

So what next, what should you do?

Have you read our Guide to Foreign Currency Exchange yet?

Download the Guide Here - with no obligation of course.

If you are looking to make a transfer, the main thing is to take advantage of the opportunities and trends that arise.

Please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click on the link 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 4th October 2023 at 11:00

£1.00 GBP = 1.1552 EURO

£1.00 GBP = 1.2132 USD

£1.00 GBP = 1.9172 AUD

£1.00 GBP = 2.0547 NZD

£1.00 GBP = 1.6614 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.

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

Still time to get moved-in for Christmas

Yes I know it is only October so apologies for using the 'C-word' when we are still 12 weeks away from December 25th.

12 weeks is just enough time to get you moved into your new house in France or spending Christmas in your new French holiday home, yes you will have to book a viewing with us very soon but once you have found the perfect house we will 'pull-out all the stops' to get you moved in for the festive season.

Cle France has a vast network of agents and houses for sale so we are sure you will have the best selection to choose from, get in touch and let us help you find the perfect French getaway for you to enjoy.

Blog submitted by: Alex at The French Property Network - Cle France.

A big week for Currency Markets

The Pound sinks on inflation news ahead of a big week for currency markets.

Today we have the latest data of UK inflation. It’s good news for the people and bad news for the Pound.

UK inflation is not just falling, it’s falling faster than expected.

It’s such a key number for the Pound.

Tomorrow the Bank of England meet again and another 0.25% rate increase is expected.

Will it be the top? Probably is the answer. And that’s the reason the Pound is falling.

Higher inflation and interest rates have been underpinning the Pound throughout 2023. But that positive catalyst may be coming to an end.

Last week the ECB made it clear that rates have peaked in Europe.

It hasn’t helped the Euro.

In fact, the Euro has fallen for 9 weeks in a row against the US Dollar.

As always, exchange rates are responding to the latest news and events.

So what next, what should you do?

Have you read our Guide to Foreign Currency Exchange yet?

Download the Guide Here - with no obligation of course.

If you are looking to make a transfer, please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click on the link 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 20th September 2023 at 10:30

£1.00 GBP = 1.1565 EURO

£1.00 GBP = 1.2369 USD

£1.00 GBP = 1.9127 AUD

£1.00 GBP = 2.0814 NZD

£1.00 GBP = 1.6630 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.

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

Dollar hits 2-month highs against Pound & Euro

The American economy looks in good shape and inflation is falling – a nice combo.

As for the UK, there’s a lot of debate as to whether interest rates have peaked.

After the latest Monetary Policy Report Hearing there is no determined course of action for the next rate meeting and it is unsettling the Pound.

In Europe, there has been a lot of underwhelming economic news.

We would consider GBP/EUR as being range-bound at present, as opposed to having a strong underlying trend.

So what next, what should you do?

Have you read our Guide to Foreign Currency Exchange yet?

Download the Guide Here - with no obligation of course.

If you are looking to make a transfer, please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click on the link 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: 

Thursday 14th September 2023 at 09:45

£1.00 GBP = 1.1628 EURO

£1.00 GBP = 1.2488 USD

£1.00 GBP = 1.9413 AUD

£1.00 GBP = 2.1089 NZD

£1.00 GBP = 1.6905 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.

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