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Nov 27

Is the Pound vulnerable to downside risk right now?

Does the upcoming election offer more downside than upside for the Pound?

Bear in mind that the Pound is already up 8% since early September on expectations of a clear win for the Conservatives.

But two polls in two days have shown Labour is closing the gap.

Remember, even if Labour doesn’t win the election, anything less than a big majority for Conservatives will lead to more Brexit uncertainty.

And given there’s a lot of ‘good news’ already built into the Pound, it leaves the rate vulnerable to any setbacks – as seen this week.

Exchange rates often do the opposite to what you think because what is expected is already built into the rate before it happens – so only the unexpected can trigger a big move in the rate.

Right now anything other than a clear win for the Conservatives is the ‘unexpected’– which is why the Pound could face downside risk over the coming weeks.

If you have upcoming currency requirements, please get in touch so we can put in place a plan to cover different eventualities.

Alternatively, to find out current exchange rates, request a free quote below.

Click here for a Free quote.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 27th November 2019 at 09:30

£1.00 GBP = 1.1681 EURO

£1.00 GBP = 1.2856 USD

£1.00 GBP = 1.8949 AUD

£1.00 GBP = 1.9992 NZD

£1.00 GBP = 1.7053 CAD

£1.00 GBP = 18.9592 ZAR

Cle France Currency Guide link

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

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Nov 21

The real issue driving the Pound

With just over three weeks to go, all eyes are on the election.

But we wonder whether it will bring the certainty over Brexit as hoped?

Just about everyone expects the Conservatives to win.

However, that’s not the real issue...

Boris Johnson needs more than a win; he needs a large majority to get his Brexit bill passed. And that is far from certain.

A small Conservative majority (which Nigel Farage is predicting) may keep us stuck on the Brexit merry-go-round.

As HSBC put it “anything can happen”.

The period of stability we are seeing in the Pound may well be short-lived.

Option prices on Pound Sterling have doubled in value since the beginning of the month.

In plain English, it means investors are very nervous about the result and we could see sharp moves in exchange rates around election time.

If you would like to de-risk yourself from an adverse move, you may wish lock in a rate now.

Call us on 01872 487 500 to discuss your requirements.

For current exchange rates, get a quote below.

Click here for a Free quote.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Thursday 21st November 2019 at 12:30

£1.00 GBP = 1.1686 EURO

£1.00 GBP = 1.2952 USD

£1.00 GBP = 1.9027 AUD

£1.00 GBP = 2.0139 NZD

£1.00 GBP = 1.7244 CAD

£1.00 GBP = 19.0586 ZAR

Cle France Currency Guide link

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

Add CommentViews: 2023
Nov 19

Shopping for Wine in France

Before we first moved to France we would talk about moving to Paris, but then thought about getting a new job or a move to a city like Bordeaux, if you are going to buy a property in France why not buy one in a wine region?

In France, les vignerons (vintners, or winemakers) sell directly to stores and restaurants in France, as well as for exportation. In The UK and non-major wine production countries, there is a more complicated three-tier system where foreign wine is bought by importers, then distributed, and then sold for retail.

Cle France wine blog

In France, wine is sold not only in wine stores (called les cavistes, which literally means 'cellermen'), but also in grocery stores like Monoprix, Franprix, and Carrefour. In larger grocery stores, there may even be an expert in wine who you can consult about what wines to purchase. However, if you really want specialised advice about wine, your best bet is to go to the caviste.

In Paris, the most well-known chain of wine stores is Nicholas. You’ll see this store in most neighbourhoods. There are also other, individually-owned wine stores that have excellent selections and fair prices.

But, if you are selecting wine on your own, keep the following tips in mind:

1. You won’t find much foreign wine in France, but you will find wine from many French regions you’ve never heard of before. Explore French wine by focusing on a particular region,like Languedoc-Roussillion or Burgundy and then trying different wines from that region to discover which you like the best. When looking at wine labels, keep in mind that 'grand cru' is the highest-quality of vineyard or area in a particular region, followed by 'premier cru' and 'grand vin' is the label each winemaker gives to its best wine.

2. Wine in France is much cheaper than in the UK because it does not go through the three-tier distribution system described above and because it is not as heavily taxed. You can find a decent bottle of wine for under 5 euros and a very good bottle of wine for 10 euros and under. Price does matter, however; if you want to get an enjoyable wine, spring for an 7 or 8 euro bottle of wine rather than one that costs 2 euros or less. Your palate will thank you.

3. If you are in a winemaking region, choose a bottle of wine made in that region. Normally, the wine stores and grocery stores stock more product from their own region and, thus, you will have a larger (and often times better) selection than if you choose wine from a different region.

À votre sante! and drink responsibily!

health insurance

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

This blog was originally posted on The French Language Blog pages. 

Add CommentViews: 7702
Nov 18

France’s Wine Regions and Terroir

One of the best (and most fun!) ways of getting to know France is through learning about its terroirs. Terroir is a French loanword in English that you might already be familiar with — especially if you are an oenophile — that loosely translates to a “sense of place”. In other words, terroir is the special characteristics of a particular place that allows it to produce agricultural products like wine, cheese, tea, coffee, etc.

Of course, the term terroir isn’t only applicable to France. But France’s various terroirs are so distinct from one another and so culturally rich that understanding all of its geographical and agricultural diversity will only make you fall more in love with the country.

French Wine, Cle France

Image From Uncalno Tekno at Flickr.com 

So today, I’ll be taking you on an introductory tour of some of the most important terroirs in France. And, as an oenophile myself, we will be focusing on the different appellations, or controlled regions, for wine production.

1. Languedoc and Roussillon

These two beautiful regions are on the Mediterranean coast and extend down to the border between France and Spain. Languedoc and Roussillon have been important winemaking centers for centuries, and the region has three times the area of vineyards in Bordeaux! In fact, there is evidence of grapevines in the region that date to the prehistoric era. This region is most famous for its reds and rosés and Roussillon in particular is known for its fortified sweet wines from areas such as Rivesaltes and Banyuls.

Property for sale in Languedoc Roussillon

2. Alsace

Unlike in most other regions in France, wines made in Alsace (on France’s eastern border with Germany) do have the grape on the label rather than just the region. The most famous grapes in the region are Muscat, Riesling, Pinot Gris, and Gewurtztraminer. Most of the grapes grown in this region are white, although there is some delicious Pinot Noir.

Property for sale near the Alsace region

3. Rhone

This region is situated in the Rhone River valley in southern France and is divided into the Northern Rhône and the Southern Rhone. Syrah is the grape of choice in the Northern Rhone, while the sunny Southern Rhone section is more about blends of grapes, usually including Grenache. If you’ve heard of the appellations Châteauneuf-du-Pape or Hermitage, these are both in the Rhone region.

Property for sale in Rhone Alpes

4. Champagne

Need I say more? Not all sparkling wine is Champagne, only the sparkling wine produced in the region of Champagne in the northeast of France. Winemakers in this region use the traditional method, called la methode champenoise, that is pretty labor intense and uses two fermentation processes to create delicious Champagne.

Property for sale near Champagne

5. Loire

The Loire region follows the Loire River from Nantes on the Atlantic coast to Orléans in northcentral France. Near Nantes, Muscadet is the star of the show, a refreshing white wine. The Central Vineyards of the region are known for their Sauvignon Blanc and Sancerre is the most well-known and expensive appellation in the region.

Property for sale in Pays de la Loire

6. Burgundy

To make it simple: “Red Burgundy” means Pinot Noir and “White Burgundy” means Chardonnay. Burgundy has had vineyards for centuries and the label on a bottle of Burgundy is inextricably linked with a particular piece of land in the region. This means that the land is split up into tiny parcels, owned by separate producers, and that this is reflected in the various labels of Burgundy.

Property for sale in Burgundy

7. Bordeaux

Did I save the best for last? Perhaps. The Bordeaux region  is known for producing the fanciest, most expensive, and (yes) most tasty wines in France (although this is debatable to some!). Why? Because Bordeaux first started classifying its wine estates in the region back in 1855 and all “growths” are tied back to this historical moment. This means that the grapevines in Burgundy are old…and expensive. Wine from Bordeaux is almost always made of blends of grapes including Cabernet Sauvignon, Merlot, Cabernet Franc, and Malbec.

Property for sale in Bordeaux region

"Be a champion, Drink Responsibly"

health insurance

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

This blog was originally posted on The French Language Blog pages.

Add CommentViews: 2355
Nov 14

Pound Sterling pushes to 6 Month Highs

It was more of a nudge than a surge…

But the Pound has crept up to 6-month highs against the Euro this week.

With Nigel Farage ‘gifting’ the Tories some seats, it has increased the chances of a clear election win for the Conservative Party.

This news is perceived as positive for the Pound because it reduces the risks of further Brexit uncertainty.

At present, the election and Brexit are overshadowing economic news. However, we note that Moody’s (the debt rating agency) downgraded the UK’s outlook to negative and there is talk that the Bank of England might need to cut interest rates.

Both of these factors could drive the Pound down once the market sees beyond the immediate events.

If you would like to some guidance on market trends, exchange rates or currency purchasing strategies, please get in touch.

Click here for a Free quote.

Cle France and Key Currency

Thanks For Reading, What Next?

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Thursday 14th November 2019 at 10:30

£1.00 GBP = 1.1689 EURO

£1.00 GBP = 1.2859 USD

£1.00 GBP = 1.8928 AUD

£1.00 GBP = 2.0118 NZD

£1.00 GBP = 1.7055 CAD

£1.00 GBP = 19.0812 ZAR

Cle France Currency Guide link

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

Add CommentViews: 1921

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