Less than 24 hours until election day

With Brits set to vote tomorrow, what does it mean for the Pound?

We tend to avoid politics and we were going to keep quiet but this information may help some of you...

Most analysts think a landslide victory for Labour will be the most positive outcome for the Pound.

That’s because it would provide greater political stability and potentially improved UK-EU relations.

You would expect a Labour victory is already priced into the Pound.

So tomorrow is more about the size of the majority and any unexpected results from other parties.

Following the initial market move, we expect investors will want reassurance that a Labour government will be fiscally responsible and keep spending fairly tight.

If Labour were to start a spending spree it would likely cause the Bank of England to delay interest rate cuts – the first of which is expected next month.

We all know from the 49 days that Liz Truss was in office, investor confidence matters.

All being well in the UK, there will still be volatile times ahead as the French and US elections get underway. This will obviously impact GBP/EUR and GBP/USD.

Central banks are struggling to provide much forward guidance this year.

The US Federal Reserve, the big daddy of them all, was expected to make 6 interest rate cuts in 2024, now it looks like it could be only 1.

It’s a good indication of the uncertainty in markets.

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 have an upcoming requirement, please get in touch so we can keep an eye on rates for you.

If you would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

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

Cle France / Key Currency

Key Currency is the currency exchange department of Cle France Ltd, 'Cle' being the French word for 'Key', did you see what we did there?

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The Pound's Recent Gains are dropping back

Pound dips as UK election looms

The Pound seems to have given up some of its recent momentum.

It’s had a jolly good run against the Euro, Canadian Dollar and Japanese Yen lately.

These favourable moves look technical as there isn’t an obvious catalyst to drive the Pound higher.

With UK inflation now back to the target level of 2%, the Bank of England has good reason to start cutting interest rates.

This would be expected to weaken the Pound, but the first cut isn’t expected until 1st August.

For now, it’s all about politics.

The UK election is just 1 week away!

And we are also about to have the first round of the French election and the first presidential debate in the US.

As a result, we could see heightened volatility in the GBP, EUR and USD.

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 would prefer to lock-in a rate and avoid the uncertainty, then please get in touch.

You can call us on 01872 487 500.

Or click below for our latest rates.

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 27th June 2024 at 10:50

£1.00 GBP = 1.1820 EURO

£1.00 GBP = 1.2645 USD

£1.00 GBP = 1.8961 AUD

£1.00 GBP = 2.0725 NZD

£1.00 GBP = 1.7300 CAD

£1.00 GBP = 1.1345 CHF

• 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

A good time to take advantage of the current rate

Pound to Euro hits 100 week high

Just a quick note this morning…

Late Friday we saw the Pound to Euro rate reach a 100 week high.

It has generated a lot of interest from clients looking to buy Euros.

With UK election uncertainty and a soft economy, it may be a good time to take advantage of the current rate.

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.

Please get in touch to secure a rate.

You can call us on 01872 487 500.

To find out our latest rates, click below.

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: 

Monday 17th June 2024 at 11:50

£1.00 GBP = 1.1830 EURO

£1.00 GBP = 1.2665 USD

£1.00 GBP = 1.9180 AUD

£1.00 GBP = 2.0690 NZD

£1.00 GBP = 1.7405 CAD

£1.00 GBP = 1.1300 CHF

• 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

When was the last time you saw the Pound above 1.18 Euro?

22 Months ago, that is when!

A quick heads up for you this morning…

The Pound hit a 22-month highs against the Euro and continues to rise.

So why is this?

With UK inflation coming in higher than expected, a June rate cut is now less likely.

Election results in Europe and a snap election set in France.

The Pound’s strength has caught some investors by surprise given we have a general election looming.

Either way, it’s a very attractive time for buyers of Euros.

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.

Please get in touch to discuss your requirements so we can keep an eye on things for you.

You can speak to us by calling 01872 487 500.

To find out our latest rates, click below.

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 11th June 2024 at 09:55

£1.00 GBP = 1.1845 EURO

£1.00 GBP = 1.2725 USD

£1.00 GBP = 1.9280 AUD

£1.00 GBP = 2.0785 NZD

£1.00 GBP = 1.7520 CAD

£1.00 GBP = 1.1415 CHF

• 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 highs as rate cuts begin

A new cycle has begun...

The Bank of Canada is the first major central bank to cut interest rates.

The European Central Bank is expected to do the same today.

The more that do it, the easier it is for others to follow.

But futures markets are still undecided on what the Bank of England will do later this month.

The unclear picture is helping the Pound, perhaps only temporarily.

For now, it’s a great time for buyers of Euros as the British Pound is at its highest point against the Euro since August 2022.

The Pound is also on a nice little run against the US Dollar and Canadian Dollar.

Some good opportunities are coming out of the global policy shift.

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.

Please get in touch to discuss your requirements so we can keep an eye on things for you.

You can speak to us by calling 01872 487 500.

To find out our latest rates, click below.

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: 

Friday 7th June 2024 at 10:30

£1.00 GBP = 1.1745 EURO

£1.00 GBP = 1.2790 USD

£1.00 GBP = 1.9180 AUD

£1.00 GBP = 2.0655 NZD

£1.00 GBP = 1.7490 CAD

£1.00 GBP = 1.1375 CHF

• 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