Clé France

Pound has biggest fall since Brexit & Covid

I’m sure you’ve seen the news...

The Pound had its biggest one-day fall since Brexit and Covid on Friday.

The UK governments big tax cuts have gone down like a lead balloon.

Ramping up government debt at a time of rapidly rising interest rates is seen as risky bordering on reckless.

What’s more, it doesn’t seem to make sense.

You have the UK government pumping the accelerator while the Bank of England is slamming the brakes. Um, what’s the plan here?

The new Chancellor is also fanning the inflationary flames saying more cuts are coming. He might want to turn on the news.

There’s going to be some volatile times ahead.

So what next, what should you do?

I know the news is scary right now, but every crisis brings opportunities.

We are here to help you navigate the currency markets and make the most of your money.

If you want to get a quick quote, find out the latest market trends, or target a specific rate?

Then now is a good time to get in touch.

Current rates: 

Tuesday 28th September 2022 at 07:45

£1.00 GBP = 1.1170 EURO

£1.00 GBP = 1.10677 USD

£1.00 GBP = 1.6747 AUD

£1.00 GBP = 1.9131 NZD

£1.00 GBP = 1.4726 CAD

£1.00 GBP = 19.4008 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 Euro has had a good run recently.

It’s only just touched a 16-month high against the Pound.

This could be a good opportunity for Euro sellers.

It follows on from the EU pushing through a 0.75% interest rate rise last week, its largest ever!

And Ukraine’s recent advances against Russia have also given a lift to the Euro.

Meanwhile, the Pound is under pressure.

The UK economy is struggling, and all signs seem to point to a recession.

Unfortunately, the Pound didn’t see much of a boost from Liz Truss’s new energy plan either.

So what next, what should you do?

With so much happening in the world right now, we expect exchange rates to remain volatile.

If you have a currency transfer in mind, it could pay to talk it over with one of our currency experts.

Click below to get a free quote or call 01872 487 500.

Current rates: 

Tuesday 13th September 2022 at 10:30

£1.00 GBP = 1.1531 EURO

£1.00 GBP = 1.1712 USD

£1.00 GBP = 1.6959 AUD

£1.00 GBP = 1.9059 NZD

£1.00 GBP = 1.5193 CAD

£1.00 GBP = 19.9436 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 new Prime Minister Liz Truss has arrived.

The Pound has turned positive with the uncertainty out of the way.

However, inflation and rising energy prices are still the main drivers of exchange rates right now.

In Europe, the main gas pipeline has been cut off by Russia, causing further energy price rises.

Tomorrow, interest rates are likely to be increased again in the Eurozone.

The UK’s interest rate decision comes next week. Another increase is likely.

A new government, an energy crisis and interest rate increases.

Could much more be happening all at once?

So what next, what should you do?

It has the potential to be a volatile week in the currency markets with widespread uncertainty.

If you have a currency transfer in mind, get in touch with your currency representative who can talk it through with you.

Click below to get a free quote or call 01872 487 500.

Current rates: 

Wednesday 7th September 2022 at 10:15

£1.00 GBP = 1.1607 EURO

£1.00 GBP = 1.1489 USD

£1.00 GBP = 1.7093 AUD

£1.00 GBP = 1.9058 NZD

£1.00 GBP = 1.5142 CAD

£1.00 GBP = 19.9517 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 Euro has hit a near 2-month high against the Pound.

Surging energy prices have dealt a blow to the Pound.

An 80% hike in the price cap is the main culprit.

Up until recently, the Eurozone appeared to be bearing the brunt of the energy crisis.

But this week, the Pound is clearly under pressure, with the spotlight off the Euro.

Elsewhere, the US Dollar is still at historic levels of strength.

This looks set to continue.

While the Euro is on top of the Pound for now, next week things could change.

So what next, what should you do?

With the energy crisis, political uncertainty and the spiralling cost of living, volatility is likely for the foreseeable future.

If you have a currency transfer in mind, it could pay to speak to your currency representative, who can help guide you on currency markets and exchange rate trends.

Click below to get a quote today or call 01872 487 500.

Current rates: 

Wednesday 31st August 2022 at 10:00

£1.00 GBP = 1.1662 EURO

£1.00 GBP = 1.1649 USD

£1.00 GBP = 1.6947 AUD

£1.00 GBP = 1.9005 NZD

£1.00 GBP = 1.5264 CAD

£1.00 GBP = 19.8373 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

UK recession risk looms over the Pound

The UK looks to be drifting towards recession.

Pressure grows as inflation continues to soar to levels not seen in 40 years.

To make matters worse, real wages are falling at the fastest pace on record.

As a result, the Pound hit a 16-day low against the Euro last week.

Things look tough for the Pound, but the Eurozone also has its problems.

Europe is facing reduced gas supplies from Russia which could cause a full-blown energy crisis.

Elsewhere, the US Dollar remains in a stronger position.

The US is seeing faster improvement in curbing inflation, which is steadying the Dollar.

Volatility in currency markets looks set to continue with so much global economic uncertainty.

So what next, what should you do?

If you have a currency transfer in mind, guidance from your account manager could be crucial.

We are always on the look-out for the opportunities and risks that lied ahead.

Get a free quote below or give us a call on 01872 487 500.

Current rates: 

Wednesday 17th August 2022 at 09:15

£1.00 GBP = 1.1892 EURO

£1.00 GBP = 1.1086 USD

£1.00 GBP = 1.7333 AUD

£1.00 GBP = 1.9147 NZD

£1.00 GBP = 1.5562 CAD

£1.00 GBP = 199271 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