UK Office: 0044 (0)1440 820 358

Clé France

The French Property Network

Pound plunges on inflation news

UK inflation has come in lower than expected.

As you would expect, the Pound has taken a beating across the board.

A lot of the Pound’s strength in 2023 has come from interest rates hikes. Even more were expected.

But that, of course, depends on inflation.

If UK inflation falls, the Bank of England will hit pause (they’ve already raised rates 13 times).

More recently, we’ve found the European Central Bank has been more hawkish than the Bank of England.

It makes sense – the UK base rate is 5% vs 3.5% in the EU.

They’ve got some catching up to do.

What that means is the Euro could outperform the Pound over the coming months.

The picture is less clear with the US Dollar because there’s already talk of rate cuts in the US.

So what next, what should you do?

As always, plenty of ups and downs in currency markets.

If you have an upcoming requirement, please do get in touch to discuss the latest trends.

Call us on 01872 487 500 to speak to a member of our team.

To find out the latest exchange rates, click below.

Get a Quick Quote

Benefits of using Key Currency:

  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: 

Wednesday 19th July 2023 at 10:30

£1.00 GBP = 1.1524 EURO

£1.00 GBP = 1.2950 USD

£1.00 GBP = 1.9117 AUD

£1.00 GBP = 2.0720 NZD

£1.00 GBP = 1.7056 CAD

  • 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.

    Brexit Guide Download

  • 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.

Cle France Currency Guide link

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

Follow Us for the Latest Info

Cle France You Tube Cle France Instagram Cle France Twitter Cle France Facebook

Quick Search

Minimum Beds/Baths

Price Range

Land in sq metres (1 acre = 4000M2)

Join the Mailing List

Select subscriber list :