Clé France

Today's Currency Market Focus

GBP: Is Sterling a falling knife?
EUR: Pushed around
USD: Back to the uptrend

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GBP Is Sterling a falling knife?

Sterling doesn’t have many friends at the moment.

According to Reuters, selling momentum from hedge funds and speculators is at its highest level in 5 years.

It’s all to do with Brexit and its impending deadline – which is now only 8 months away.
The UK economy, while not flying, has been resilient.

Today we have the latest economic growth (GDP) figures, which is expected to be 1.3%, up from 1.2% last quarter. It might offer some respite to the Pound, but don’t expect it to last long.

EUR: Pushed around

There’s been a lack of EU news this week but that still doesn’t mean the Euro won’t swing around.

Currencies are a relative measure, so in the absence of local events, the Euro will be dictated by news elsewhere.

This has been evident this week with GBP/EUR led by Sterling weakness and EUR/USD driven by Dollar strength.

USD: Back to the uptrend

After some wobbles earlier in the week, the dollar continues its ascent and is just short of a 13-month high against a basket of currencies.

Simmering troubles with Russia and Turkey are bringing buyers to safe-haven currencies like the US Dollar (and Swiss France & Japanese Yen).

In addition, the US economy looks to be on the up. Today we have the latest inflation (CPI) reading, which is forecast to be 2.9% - a level that would suggest more rate rises are needed.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Friday 10th August 2018 at 12:50

£1.00 GBP = 1.1146 EURO

£1.00 GBP = 1.2774 USD

£1.00 GBP = 1.7470 AUD

£1.00 GBP = 1.9355 NZD

£1.00 GBP = 1.6725 CAD

£1.00 GBP = 17.7342 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document.

Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

For everything you need to know about French property visit www.clefrance.co.uk 

Today's Currency Market Focus

GBP: Another dive down
EUR: Is the ECB warming us up?
USD: Pause in rally

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GBP: Another dive down

The Pound dropped to a five-month low against the Euro yesterday as fears of a ‘no deal’ Brexit are on the rise.

With less than 8 eight months to go until Britain leaves the EU, nerves are fraying.
Last week the Bank of England stated that the risks of a no deal situation are “uncomfortably high”.

Adding to this, Liam Fox, the Trade Minister, said this week that the odds of exiting without a deal were “60-40”.

The uncertainty of Brexit is overshadowing any UK economic news. Let’s hope the fear mongering is a negotiation bluff with the Europeans.

EUR: Is the ECB warming us up?

The European Central Bank (ECB) has been criticised for being behind the curve.

Admittedly, the last financial crisis hit the EU harder than most, so they are understandably a cautious bunch.

However, yesterday the ECB announced that the recent acceleration in wage growth in the EU could foreshadow higher future inflation. Hints like this often precede a change of policy.

If the economic numbers continue to pick up, then the ECB may well have to play catch up with the other big central banks.

USD: Pause in rally

The Dollar took a breather yesterday. Traders attributed the slight dip to the absence of any news.

To recap, the Dollar has been rising on fears of global trade wars, so a lack of news is a reason to sell.

Looking beyond the trade wars, the economic picture in the US continues to point to solid growth coupled with tight labour conditions.

This is a recipe for further rate rises this year, which will help underpin the Dollar.

There a light economic calendar in the first half of the week but President Trump could always liven things up.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 8th August 2018 at 14:30

£1.00 GBP = 1.1100 EURO

£1.00 GBP = 1.2870 USD

£1.00 GBP = 1.7381 AUD

£1.00 GBP = 1.9094 NZD

£1.00 GBP = 1.6806 CAD

£1.00 GBP = 17.2689 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document.

Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

For everything you need to know about French property visit www.clefrance.co.uk 

Today there is an important rate meeting.

While it’s widely expected the Bank of England will hike rates, it doesn’t make a lot of sense.

The UK economy has the slowest growth of the G7 economies. And there’s plenty of Brexit uncertainty that lies ahead.

The irony is that even if the Bank of England raises rates, it may in fact trigger a fall in the Pound, not a rise.

That’s because any rate rise today is likely to offset by a cautious outlook.

If you have exposure to the Pound, please contact us now for current exchange rates and guidance.

Click here for a free quote

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 2nd August 2018 at 12:00

£1.00 GBP = 1.1252 EURO

£1.00 GBP = 1.3075 USD

£1.00 GBP = 1.7764 AUD

£1.00 GBP = 1.9361 NZD

£1.00 GBP = 1.7044 CAD

£1.00 GBP = 17.5827 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document.

Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

For everything you need to know about French property visit www.clefrance.co.uk 

Today's Currency Market Focus

GBP: Surely they can’t back out now
EUR: Recovery back on track?
USD: Here we go again

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GBP: Surely they can’t back out now

Pound Sterling has been trading in a narrow range ahead of this week’s rate decision.

The odds of a quarter percent rate rise tomorrow stand at around 90% though not everyone is convinced the Bank of England (BoE) will go ahead with the hike.

In fact, Governor Mark Carney has been mocked as an “unreliable boyfriend” having promised rate hikes in the past only to back out at the last minute.

If the BoE do hike, it will be only the second time since the financial crisis. Given the fragile state of the UK economy heading into Brexit, it’s likely to be a ‘one and done’ scenario. If Carney throws some cautious language into the mix, it could actually end up a negative event for Sterling.

EUR: Recovery back on track?

After some wobbles over the last few months, the EU recovery seems to be regaining momentum.

Yesterday both German Retail Sales and Euro-zone Inflation (CPI) came in higher than expected. Inflation in the Euro-zone is now at its highest level since 2012.

While interest rates are unlikely to change in the EU soon, it will start to put pressure on the European Central Bank to sit up and take notice.

USD: Here we go again

Tension is building again between the world’s two biggest economies; US and China.

President Trump is said to be considering proposing higher tariffs on $200 billion of Chinese imports. So far the ‘negotiations’ have stayed civil and not led to a trade war.

Attention will turn to the Federal Reserve (Fed) rate meeting, which is later today. No rate change is expected but the outlook is likely to offer up clues on future hikes. Markets still believe another two hikes in the US could happen before the year is out.

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Wednesday 1st August 2018 at 11:30

£1.00 GBP = 1.1228 EURO

£1.00 GBP = 1.3120 USD

£1.00 GBP = 1.7696 AUD

£1.00 GBP = 1.9288 NZD

£1.00 GBP = 1.7086 CAD

£1.00 GBP = 17.4100 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document.

Concerned about Brexit? download our "Buyers Guide to Brexit" PDF document.

For everything you need to know about French property visit www.clefrance.co.uk 

I was in regular contact with Cle France for most of my 2 year house hunt and always found them to be efficient, professional and friendly.

The house I eventually bought was on their website and the viewing arranged through them, I was pleased that that was the case given the help and advice I received throughout my search.

So thank you Sharon, I am very happy and relieved to finally be here in my lovely new home in the French countryside.

Regards, Mandy.

Buying a Chateau, Manor House, Farmhouse, Cottage, Holiday Home, Lake or just a Plot of land in France is easy with Cle France, You can do the same, it is easy for you because WE guide YOU through the French Property Buying Process from the very start to completion and beyond!

And as several of our clients say "Follow your heart and make the move"!

For everything you need to know about French property visit www.clefrance.co.uk