Don't leave your currency exposed during a 10-week leadership race
- Details
What the Labour leadership race means for your currency transfer
Following the announcement that Keir Starmer intends to step down as Labour leader, the expected timeframe for Labour to select a new leader therefore a new Prime Minister is approximately 6–10 weeks.
The process is expected to proceed as follows:
* Keir Starmer would remain as caretaker Prime Minister during the leadership contest.
* Labour's National Executive Committee (NEC) would establish the detailed rules and timetable for the election.
* Candidates would need to secure the required nominations under Labour Party rules.
* If more than one candidate qualifies, a ballot of party members would take place.
* Once a new Labour leader is elected, they would be invited by the King to form a government, as Labour continues to hold a majority in the House of Commons. A general election would not normally be required.
Current expectations are that a new leader could be in place between late July and early September, with September being the most likely timeframe. However, if a single candidate emerges with broad support and there is no meaningful contest, the transition could occur more quickly.
Key dates for your calendar:
With Keir Starmer's departure confirmed, a process will now begin to appoint his successor.
9 July - Nominations open for the new Labour Party leader.
16 July - Nominations close and Parliament enters summer recess. If only one candidate comes forward, they become leader without a contest. If more than one candidate qualifies, a full party leadership election takes place.
1 September - Parliament returns from summer recess. Labour must have a new leader in place by this date.
What this means for your exchange rate:
A 6 to 10 week leadership contest is a long window to leave currency exposure unhedged. Sterling is likely to remain sensitive to political developments until a clear frontrunner emerges, and a contested race would add further pressure on the pound..
So what next, what should you do?
If you have a property completion, business payment or regular transfer coming up in the next two to three months, now is the time to talk to us. Our dealers can lock in your rate, set a target rate, or put a forward contract in place so your money is protected whatever the political picture looks like.
If you have a transfer to make, or simply want to understand your exposure, reply to this email or give us a call on +44 (0) 1872 885 172 and we will talk you through your options.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Don’t wait. Contact us now.
Or to find out our latest rates, click below.
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Kind regards,
David Evans
Co-Founder of Cle France.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Wednesday 24th June 2026 at 13:30
£1.00 GBP = 1.1610 EUR
£1.00 GBP = 1.3160 USD
£1.00 GBP = 1.9085 AUD
£1.00 GBP = 2.3340 NZD
£1.00 GBP = 1.8735 CAD
£1.00 GBP = 1.0695 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.
-
- At Clé France / Regency FX, 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 Regency FX.
How to Save Money on your foreign currency transfers
- Regency FX 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.
- Cle France has partnered with Regency FX, a trusted and fully safeguarded currency exchange provider, to bring you even better service and exclusive benefits when transferring money internationally.
For everything you need to know about French property visit www.clefrance.co.uk
Prime Minister, Keir Starmer, Resigned This Morning, What Now?
- Details
Sterling under pressure as Starmer announces resignation
This morning, Prime Minister Keir Starmer announced his resignation as both prime minister and leader of the Labour Party, just two years after Labour's general election victory in July 2024.
Andy Burnham is widely expected to succeed him without a full leadership contest.
Political uncertainty of this kind moves currency markets quickly, and sterling is already feeling it.
What this could mean for you ? Read on...
Sterling is under pressure this morning and analysts expect further volatility while the leadership picture remains unclear.
A Burnham-led government is seen by markets as a potential shift toward higher public spending, which could weaken the pound further if fiscal discipline is perceived to loosen.
A slow or contested handover would add further risk to sterling. A swift, orderly transition may limit the damage.
If you have a property completion, business payment or regular transfer coming up, now is the time to review your position.
Our dealers are watching every move in the market today. We can lock in your rate, protect your transfer from further falls, and make sure your money moves at the right time.
So what next, what should you do?
If you have a transfer to make, or simply want to understand your exposure, reply to this email or give us a call on +44 (0) 1872 885 172 and we will talk you through your options.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Don’t wait. Contact us now.
Or to find out our latest rates, click below.
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Kind regards,
David Evans
Co-Founder of Cle France.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Monday 22nd June 2026 at 10:25
£1.00 GBP = 1.1545 EUR
£1.00 GBP = 1.3225 USD
£1.00 GBP = 1.8985 AUD
£1.00 GBP = 2.3080 NZD
£1.00 GBP = 1.8740 CAD
£1.00 GBP = 1.0675 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.
-
- At Clé France / Regency FX, 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 Regency FX.
How to Save Money on your foreign currency transfers
- Regency FX 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.
- Cle France has partnered with Regency FX, a trusted and fully safeguarded currency exchange provider, to bring you even better service and exclusive benefits when transferring money internationally.
For everything you need to know about French property visit www.clefrance.co.uk
Market Insight - 16th June 2026
- Details
Interest Rates Ahoy
Huge week for interest rate decisions...
The European Central Bank held their rate at 2.25% last week.
Overnight Japan raised its rate to 1%. This follows over 20 years of deflation and a negative -0.1% base rate following a crash in most asset classes such as shares and property.
Tomorrow sees the FED (America) release its decision which looks to be a nailed on hold at 3.75%.
The UK inflation number at breakfast tomorrow could sway the Bank of Englands decision on Thursday, but it's unlikely there will be a change from their 3.75%.
All eyes are now on the peace talks with Iran. Current rhetoric indicate its a done deal....time will tell over the next 72 hours.
Certainly the markets believe it's over with the price of oil normalising and stability returning to most asset markets.
This is important because inflation was expected to climb sharply if the Iran conflict continued and therefore interest rates were supposed to tick up.
Now the decline in interest rates seen pre conflict may come back to the table, and the global economy might continue to return to more stable conditions.
Watch this space.
Here at Regency FX we've helped our clients through the past couple of months with fixed rate forward contracts and market watching for those with no immediate requirement.
Your dedicated account manager is always on hand to provide assistance.
- Economic calendar:
UK: Wednesday 07:00 Inflation Report
US: Wednesday 18:00 FED Interest Rate Decision
UK: Thursday 12:00 BoE Interest Rate Decision
UK: Thursday 12:00 MPC Vote Count
So what next, what should you do?
As ever we look forward to keeping you in the loop and so please look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Don’t wait. Contact us now.
Or to find out our latest rates, click below.
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Kind regards,
David Evans
Co-Founder of Cle France.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Tuesday 16th June 2026 at 10:00
£1.00 GBP = 1.1565 EUR
£1.00 GBP = 1.3420 USD
£1.00 GBP = 1.8990 AUD
£1.00 GBP = 2.3035 NZD
£1.00 GBP = 1.8795 CAD
£1.00 GBP = 1.0665 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.
-
- At Clé France / Regency FX, 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 Regency FX.
How to Save Money on your foreign currency transfers
- Regency FX 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.
- Cle France has partnered with Regency FX, a trusted and fully safeguarded currency exchange provider, to bring you even better service and exclusive benefits when transferring money internationally.
For everything you need to know about French property visit www.clefrance.co.uk
Market Insight - 12.05.2026
- Details
The Pound In Freefall Over PM
Sir Kier Starmer under intense pressure...
The recent local elections in the UK sent shockwaves through the Labour Party.
Calls for the Prime Ministers resignation are ringing around Whitehall.
On the back of this the Pound is taking a bit of a hammering.
If the PM does depart, all trading eyes will be on his potential successor before bets are placed on Sterling.
Whilst the political story is the big news right now, there's still plenty of scheduled activity to sway rates.
US inflation is expected to start showing the impact of rising oil prices later today with annualised growth of 3.7% anticipated.
Then it's Eurozone and UK GDP numbers on Wednesday and Thursday respectively.
US retail sales rounds the week off later Thursday, so plenty of opportunity for volatility this week.
- Economic calendar:
US: 13:30 Inflation Report
EUR: Wednesday 10:00 Preliminary GDP Report
UK: Thursday 07:00 Preliminary GDP Report
US: Thursday 13:30 Retail Sales Numbers
So what next, what should you do?
As ever we look forward to keeping you in the loop and so please look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Don’t wait. Contact us now.
Or to find out our latest rates, click below.
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Kind regards,
David Evans
Co-Founder of Cle France.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Tuesday 12th May 2026 at 12:30
£1.00 GBP = 1.1530 EUR
£1.00 GBP = 1.3540 USD
£1.00 GBP = 1.8735 AUD
£1.00 GBP = 2.2755 NZD
£1.00 GBP = 1.8560 CAD
£1.00 GBP = 1.0570 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.
-
- At Clé France / Regency FX, 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 Regency FX.
How to Save Money on your foreign currency transfers
- Regency FX 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.
- Cle France has partnered with Regency FX, a trusted and fully safeguarded currency exchange provider, to bring you even better service and exclusive benefits when transferring money internationally.
For everything you need to know about French property visit www.clefrance.co.uk
Is Peace On The Table... Or Not?
- Details
Is Peace On The Table... Or Not?
Yesterday saw huge volatility....
Oil was down 12% at one point and the Dollar weakened almost 1% versus the Pound in almost no time.
To put that into context that's a £1,000 difference in every £100,000 exchanged into Dollars in the space of around 24 hours.
This clearly demonstrates market risk in these uncertain times.
Here at Regency FX our team of dedicated account managers help guide our clients through the straits of currency conversion planning.
Whether peace is a thing or not, time will tell as the rhetoric remains a mixed bag.
Outside of that, normal service continues.
The big piece of scheduled news is the Non Farm Payrolls in the US tomorrow.
Often seen as the bellwether of the global economy as it indicates the status of full time work in the worlds biggest economy.
Analysts are expecting monthly growth of 60,000 jobs.
Economic calendar:
US: Friday 13:30 Non Farm Payrolls
So what next, what should you do?
As ever we look forward to keeping you in the loop and so please look out for our next update.
Our friendly currency experts are here to assist you and guide you through the markets, we offer a first-class service and even an online platform so you can monitor your transaction in real time.
Our business ethos is based on bank beating rates and fantastic customer service, click the link below for a no obligation quotation and see the savings for yourself.
Don’t wait. Contact us now.
Or to find out our latest rates, click below.
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
Kind regards,
David Evans
Co-Founder of Cle France.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Thursday 7th May 2026 at 10:30
£1.00 GBP = 1.1570 EUR
£1.00 GBP = 1.3625 USD
£1.00 GBP = 1.8770 AUD
£1.00 GBP = 2.2800 NZD
£1.00 GBP = 1.8560 CAD
£1.00 GBP = 1.0590 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.
-
- At Clé France / Regency FX, 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 Regency FX.
How to Save Money on your foreign currency transfers
- Regency FX 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.
- Cle France has partnered with Regency FX, a trusted and fully safeguarded currency exchange provider, to bring you even better service and exclusive benefits when transferring money internationally.
For everything you need to know about French property visit www.clefrance.co.uk
