Always a good idea to have a plan in place

Pound drifts down ahead of Bank of England news

The Pound has given up some of its recent gains over the last week.

Looks more like a lack of positive catalysts than anything specific.

A bit quiet this week in terms of Pound related news.

A couple of members of the Bank of England have speeches booked in over the coming days.

Traders will be looking for clues on the current state of thinking from the wise owls of Threadneedle Street.

As a heads up, markets are currently pricing in a 90+% chance of a 25 basis point hike from the Bank of England at its next meeting on the 21st September. While still 3 weeks away it should limit any Pound losses.

There can’t be too many more rate hikes to come, surely? We’re at 14 and counting.

Meanwhile, some important data due out later this week which will impact GBP/EUR and GBP/USD.

In Europe, we have the latest inflation read and minutes from the last ECB meeting.

In the US, we also have inflation numbers and jobs data (non-farm payrolls).

So what next, what should you do?

Plenty of movement happening in exchange rates right now.

Always a good idea to have a plan in place (even if you break it).

To speak to a member of our team, call us on 01872 487 500.

To find out our 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 30th August 2023 at 10:00

£1.00 GBP = 1.1630 EURO

£1.00 GBP = 1.2638 USD

£1.00 GBP = 1.9564 AUD

£1.00 GBP = 2.1259 NZD

£1.00 GBP = 1.7143 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

Pound nears 12-month highs against Euro

Do you want the good news or the bad news?

We’ll start with the good news… UK inflation is slowing down.

Now for the bad news… so is the UK economy.

That’s the problem with inflation. It’s hard to tackle the disease without hurting the patient.

Despite a cooling economy, the Pound is looking good against the Euro. It’s approaching 12-month highs.

Economists still think the Bank of England may have to raise interest rates further to kill-off the wage-price spiral we spoke about last week.

As for the Euro, it’s been struggling to gain momentum as Germany, the big daddy of the EU, has man flu. German economic numbers have been a bit soft lately.

The US dollar looks more robust, helped by their economy.

US retail sales have now grown 4 months in a row. The US consumer is back spending (as always).

So what next, what should you do?

Any currency requirements? We’re here to help as always.

If you are looking to transfer money, please do get in touch. There’s plenty of good opportunities in currency markets over the summer.

Call us on 01872 487 500 to speak to a member of our team. To find out the 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 23rd August 2023 at 11:45

£1.00 GBP = 1.1706 EURO

£1.00 GBP = 1.2663 USD

£1.00 GBP = 1.9704 AUD

£1.00 GBP = 2.1316 NZD

£1.00 GBP = 1.72178 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

Pound hits 8-week high against Euro

The GBP/EUR rate has been choppy throughout the summer.

But just over the last week, the Pound has made a powerful move higher.

Buyers of Euros may wish to take advantage.

It’s largely to do with the UK’s ongoing battle with inflation.

The UK has the highest inflation rate among the G7 nations.

And with wage growth of almost 8%, the UK is struggling to contain the wage-price spiral.

The bottom line is it will put pressure on the Bank of England to keep upping interest rates.

This in turn is lifting the Pound.

Meanwhile, a Bloomberg poll shows that interest rates in Europe are expected to rise one more time before they are paused. That is weakening the Euro.

The US Dollar looks on more solid footing than the Euro.

A few more rate hikes in the US are expected. As a result, GBP/USD is largely unmoved this week.

So what next, what should you do?

Make sure you keep in touch as we are always on the look-out for favourable moves.

Any currency requirements? We’re here to help as always.

Call us on 01872 487 500. Or click below for the latest exchange rates.

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 17th August 2023 at 10:30

£1.00 GBP = 1.1701 EURO

£1.00 GBP = 1.2715 USD

£1.00 GBP = 1.9869 AUD

£1.00 GBP = 2.1448 NZD

£1.00 GBP = 1.7208 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

Is the Pound set for a summer seesaw?

As always, plenty happening in the currency markets.

Last week the Bank of England raised rates for the 14th time in a row.

But here’s the interesting bit: the members were split 3 ways on the vote.

It’s another sign we could be near the top.

Investors seem wary of this too with the Pound dropping after the meeting.

Take note - there is potential for a lot more Sterling selling if there is a shift in Bank of England expectations.

I suspect the Bank of England is confused. They know they’ve inflicted a lot of pain but suspect it’s not yet filtered through to the economy.

That seems evident given the UK’s low unemployment and healthy mortgage approvals. But they don’t want to break the economy, so it’s likely they will have to pause soon.

If that’s the case, what will drive Pound exchange rates next?

It could be we face range-bound trading over the coming weeks and months.

Look on the bright side, that will give opportunities to buyers and sellers.

So what next, what should you do?

Make sure you keep in touch as we are always on the look-out for favourable moves.

To speak to a member of our team, call us on 01872 487 500.

To find out the latest money transfer 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 9th August 2023 at 10:15

£1.00 GBP = 1.1612 EURO

£1.00 GBP = 1.2754 USD

£1.00 GBP = 1.9449 AUD

£1.00 GBP = 2.0980 NZD

£1.00 GBP = 1.7103 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

Pound up against Euro, down on the Dollar

The Pound has looked a bit 'toppy' for a while.

Over the past few weeks, we’ve mentioned it hit highs against the likes of the US, Canadian, NZ and Australian Dollars.

These kind of runs tend not to last.

With UK inflation falling below expectations, it was a good enough excuse for the Pound to take a dip.

It’s become clear that Sterling’s strength has been largely based upon the expectation of more interest rate hikes.

You take that pillar away, and it’s a long way down.

In fact, as of yesterday the Pound has had 7 losing sessions in a row against the US Dollar.

The Pound’s trend against the Euro is almost counter-market at the moment.

Pound to Euro looks to be one of the few bright spots.

This week we have interest rate announcements from the Federal Reserve and European Central Bank on Wednesday and Thursday respectively.

Both are expected to hike rates by 0.25%.

Note, traders will focus more on what’s said about future hikes.

So what next, what should you do?

Plenty of movement in exchange rates at the moment, so please do keep in touch.

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 26th July 2023 at 10:30

£1.00 GBP = 1.1653 EURO

£1.00 GBP = 1.2904 USD

£1.00 GBP = 1.9093 AUD

£1.00 GBP = 2.0763 NZD

£1.00 GBP = 1.7044 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