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Pound takes a sudden downturn
The Pound has started 2025 on weak footing…
So far, it’s down against pretty much every major currency including EUR, USD, JPY, CAD, AUD and NZD.
In fact, the GBP-USD exchange rate hit a new 14-month low only yesterday.
We have previously spoken about the Pound’s vulnerability heading into this year given what a strong year it had in 2024.
Fortunately for the Pound, the Euro continues to be weak.
The EUR-USD rate just touched a 2-year low.
This week, the main focus will be on UK and US data.
Both countries are due to release their latest inflation and retail sales figures later in the week – this will be market sensitive data.
We start the year with plenty of movement in exchange rates.
Swings of 3% or more in some currencies seem to be fairly common at present, so it’s worth keeping a close eye on rates.
So what next, what should you do?
Make sure you get in touch with the Key Currency team, so we can keep an eye on rates for you.
You can call us on 01872 487 500.
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.
To learn more or find out our latest rates, click below.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Tuesday 14th January 2025 at 10:15
£1.00 GBP = 1.1875 EUR
£1.00 GBP = 1.2190 USD
£1.00 GBP = 1.9685 AUD
£1.00 GBP = 2.1710 NZD
£1.00 GBP = 1.7521 CAD
£1.00 GBP = 1.1160 CHF
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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
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Welcome to 2025
2025 is shaping up to be an exciting year so let us take a quick look at the bigger picture…
Pound Sterling had a great year in 2024.
It actually spent much of the year as the best performing major currency.
The Pound ended up gaining over 5% against the Australian, New Zealand and Canadian Dollars in 2024.
It also gained 5% against the Swiss Franc and 7% against the Japanese Yen.
Against the Euro, the Pound also managed a respectable 4% gain.
It only lost ground against the US Dollar – which rocketed in the final quarter of the year, due in part to the US election result.
We see central banks being very active again in 2025.
The rate cutting cycle remains the key driver of currencies.
The Bank of England has some work to do. The UK has the highest interest rates of all the major central banks – so there could be pressure to cut more aggressively – which would be Pound negative.
Trump’s tariffs could be another big theme of 2025. Trade friction has the potential to drive up global inflation.
Given we had plenty of currency moves of between 5-10% in 2024, it’s a reminder of how important timing can be.
So what next, what should you do?
Make sure you get in touch with the Key Currency team, so we can keep an eye on rates for you.
You can call us on 01872 487 500.
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.
To learn more or find out our latest rates, click below.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Wednesday 8th January 2025 at 12:30
£1.00 GBP = 1.1991 EUR
£1.00 GBP = 1.2336 USD
£1.00 GBP = 1.9923 AUD
£1.00 GBP = 2.2059 NZD
£1.00 GBP = 1.7763 CAD
£1.00 GBP = 1.1254 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
Rate Alert: Pound surges yet again !
There’s plenty of action left in these markets…
In particular, the Pound seems determined to end the year with a bang.
This week we have seen big breakouts against AUD, CAD and NZD.
- GBP/AUD sits at 4 ½ year highs.
- GBP/CAD is up at 6 ½ highs.
- GBP/NZD is at 8 ½ highs.
While the GBP/EUR trend is a little more choppy, the rate is within touching distance of 2 ½ year highs.
What’s more the GBP/EUR rate has climbed over 5% in 2024 – a big move for a major pair.
The only weak point is GBP/USD.
It’s tumbled again due to Dollar dominance. The mighty USD is slaying all those before it.
A combination of Trump optimism and US Fed worry has the Dollar firing.
Appreciate we are heading into the festive period, but lower liquidity around Christmas can provide good market opportunities for both buyers and sellers.
Please do keep in touch with for your ongoing requirements.
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.
We can assist you with your currency requirements, please do get in touch.
You can call us on 01872 487 500.
To learn more or find out our latest rates, click below.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Thursday 19th December 2024 at 11:00
£1.00 GBP = 1.2150 EUR
£1.00 GBP = 1.2640 USD
£1.00 GBP = 2.0235 AUD
£1.00 GBP = 2.2055 NZD
£1.00 GBP = 1.8190 CAD
£1.00 GBP = 1.1325 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
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