Budget Day, Rate Decisions & Fear Factor

Today we have the Budget due out in the UK.

Expect some volatility in the Pound as investors take in the details.

Remember the meltdown after the mini-Budget from September 2022?

Let’s hope it’s as dull as dishwater.

On Thursday we have the ECB rate decision. Interest rates are expected to rise by 0.5% in the EU.

Anything outside of that and GBP/EUR could go haywire.

And in the US, there are still daily jitters around the collapse of Silicon Valley Bank.

The Fed is doing its best to bring calm, but collective fear is a difficult beast too tame.

So what next, what should you do?

With everything going on, there’s plenty of potential for market opportunities.

Make sure you reach out to the team with any upcoming requirements.

You can call us on 01872 487 500.

Or 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 15th March 2023 at 10:30

£1.00 GBP = 1.1350 EURO

£1.00 GBP = 1.2100 USD

£1.00 GBP = 1.8202 AUD

£1.00 GBP = 1.9489 NZD

£1.00 GBP = 1.6613 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 Pound has given up some of its recent gains this week.

Interest rates are the main talking point.

Because the UK economy is looking more fragile than the EU and US, the Bank of England may hit the pause button first.

The market is pricing in a 93% chance of another 25 basis point rate rise in the UK at the meeting later this month.

But that could well mark the top.

Data out this Friday is expected to show the British economy was flat as a pancake in the 3 months to January.

It means the Bank of England can’t really afford to slam the brakes much more without causing a recession.

In contrast, the EU and US are both indicating quite a few rates rises are still to come. Like 4-5 more.

To be clear, interest rate hikes tend to strengthen a currency. So, the net effect of all this is bad for the Pound.

Just to throw a little curve ball into the mix…

The recent UK data has been making economists look rather silly.

I don’t want to jinx it… but things look to be improving.

Should that trend continue, the Pound may well stage a comeback.

We will be watching the data closely.

So what next, what should you do?

If you have a currency transfer on the horizon, make sure you keep in touch.

We can help you make the most of the market opportunities.

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

Or 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: 

Tuesday 7th March 2023 at 10:20

£1.00 GBP = 1.1260 EURO

£1.00 GBP = 1.2004 USD

£1.00 GBP = 1.7985 AUD

£1.00 GBP = 1.9668 NZD

£1.00 GBP = 1.6360 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 jumps back up again

The UK and the EU agreed a new post-Brexit deal for Northern Ireland.

It’s given the Pound a lift, but these days the markets seem bored with Brexit.

Last week we had more of a thunderbolt.

Better than expected UK business confidence and budget numbers really got the Pound motoring.

The market reaction though was quite revealing.

The Pound jumped higher on the day of the news but then drifted back down over the following days.

From a technical perspective, that’s a negative sign.

For the bulls to be in charge, the Pound should have held on to its gains following a positive gap, not given them up so easily.

It means there are plenty of Pound sellers still out there.

I guess one takeaway is that currency markets tend to give both buyers and sellers opportunities.

That makes our job easier.

So what next, what should you do?

We’re always looking to make the most of any favourable moves.

If you want to speak to a member of our team, call us on 01872 487 500.

Or 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: 

Tuesday 28th February 2023 at 11:30

£1.00 GBP = 1.1401 EURO

£1.00 GBP = 1.2100 USD

£1.00 GBP = 1.7970 AUD

£1.00 GBP = 1.9638 NZD

£1.00 GBP = 1.6416 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 surges to 3-week high

Good news for Pound Sterling, the UK may avoid a recession.

February’s PMI business survey smashed expectations.

Business confidence is now at a 7-month high for manufacturing and an 8-month high for services.

The news has triggered a clean sweep for the Pound.

The Pound has leapt to 3-weeks high against the Euro but has had similar jumps against all the Dollars (USD, AUD, CAD, NZD, SGD – need I go on).

What’s more, the UK government has found about £30 billion down the back of the sofa.

Public finances have come in much better than forecast (thank you taxpayers).

But the UK isn’t in a bubble.

If things are improving in the UK, chances are things are on the mend elsewhere too.

So what next, what should you do?

If you need to sell Pounds and buy Euros or US Dollars, you might consider taking advantage of the recent favourable move.

Often in finance it’s better to react than predict.

If you have a currency requirement, get in touch and we can help you make the most of your money.

Call us on 01872 487 500 to speak to our team.

Or click below for our latest 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: 

Wednesday 22nd February 2023 at 11:00

£1.00 GBP = 1.1368 EURO

£1.00 GBP = 1.2086 USD

£1.00 GBP = 1.7717 AUD

£1.00 GBP = 1.9426 NZD

£1.00 GBP = 1.6382 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

Join Us on our Social Media Platforms

During 2023 we are going to increase our activity across the Cle France social media platforms and we would very much like you to join us and share with us everything we all love about the French way of life.

We share more about France and French lifestyle here, rather than just property listings and how to buy and sell property, we also try to make it fun and entertaining, so come and join us where ever you prefer.

Hope to see you soon!

Kind regards, 
Sharon & David Evans 
Founders of Cle France.