Pound headed lower on rate cut rumours
The Pound has lost a bit of momentum lately
Both GBP-EUR and GBP-USD are hovering near 1-month lows.
The latest Bank of England meeting revealed that the last of the ‘hawks’ calling for rate rises have now changed their tune.
With inflation falling and the economy soft, the next move for UK interest rates looks almost certain to be down.
It’s weakening the Pound – lower rates, lower currency.
The Pound’s fall would be worse if it weren’t for the fact that the Euro and US Dollar are facing the same situation.
Futures markets indicate the US Fed, the ECB and the Bank of England are likely to make their first cut in June.
Ah, to be a central banker – just do what the other mob are doing.
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.
A lot could change between now and June, but that is the current thinking.
To discuss your requirements and what can be achieved for you, speak to a member of our team on 01872 487 500.
Or to find out our latest rates, click below.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
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Current rates:
Wednesday 27th March 2024 at 11:00
£1.00 GBP = 1.1662 EURO
£1.00 GBP = 1.2633 USD
£1.00 GBP = 1.9351 AUD
£1.00 GBP = 2.1034 NZD
£1.00 GBP = 1.7172 CAD
£1.00 GBP = 1.1442 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.
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Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.
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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.
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