A good little run for the Pound lately

Pound Sterling has hit 3-month highs against the US Dollar and 1-month highs against the Euro.

The UK economy is showing more positive signs, with better data from the Manufacturing and Services sectors.

But I would say most of the Pound’s gains have come from weakness elsewhere.

Higher interest rates are starting to bite in all corners of the globe.

The latest data is pointing to a soft landing for the US economy, which is driving further Dollar weakness.

As for Europe, the German economy isn’t looking too flash – and it tends to lead the way for the rest of the Euro gang.

If you think UK interest rates are high, things could always be worse.

In Turkey, the central bank just raised their interest rates from 35% to 40%!

It’s what happens when inflation runs out of control – Turkey’s inflation rate is 10 times higher than the UK’s.

As for the poor Turkish Lira – it’s been decimated. Your Pounds fetch a king’s ransom (in Lira).

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.

If you have an upcoming currency requirement, please do get in touch.

We are happy to discuss rates, market trends and timing.

You can speak to a member of our team by calling 01872 487 500.

To get our latest exchange rates, click below.

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 29th November 2023 at 10.00

£1.00 GBP = 1.1554 EURO

£1.00 GBP = 1.2680 USD

£1.00 GBP = 1.9137 AUD

£1.00 GBP = 2.0609 NZD

£1.00 GBP = 1.7217 CAD

£1.00 GBP = 1.1117 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.

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  • At Clé France / Key Currency, many of our customers have a need for currency exchange.
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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.
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