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Trump tariffs & rate cuts cause FX chaos
The Trump trade tariffs are sweeping through the (economic) world.
It’s caused some large currency moves already...
And we expect more to come.
So what’s been happening?
This week, President Trump attacked both the UK and EU over their trade imbalance with the USA.
It could be bluff and bluster, but I doubt it.
Both the Pound and Euro will be at risk if the situation escalates from here.
Meanwhile, investors are still fretting over the latest Bank of England meeting.
Not only was the decision to cut unanimous, 2 members were calling for a double cut. That was the surprising bit.
Markets now believe the UK could see another 2-3 cuts before the year is out.
So what next, what should you do?
If you would like some assistance with your currency requirements, 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:
Wednesday 12th February 2025 at 12:15
£1.00 GBP = 1.2005 EUR
£1.00 GBP = 1.2455 USD
£1.00 GBP = 1.9840 AUD
£1.00 GBP = 2.2080 NZD
£1.00 GBP = 1.7810 CAD
£1.00 GBP = 1.1345 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.
For everything you need to know about French property visit www.clefrance.co.uk
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Thursday 6th February 2025.
Some good news, today the Bank of England has announced it is reducing the base rate to 4.50% (previously 4.75%).
So this is a good time for you to contact our Mortgage and Financial Services Partner, if you are considering a mortgage to help fund a property purchase in France, you may wish to contact them to see if they can help and advise you, best of luck.
You can contact them direct here.
Kind regards,
Alex at Clé France.
If you have not done so already, check out our Property Guides here.
Pound Poised for Super Thursday
Thought I would give you a quick heads up as ‘Super Thursday’ approaches…
We have the Bank of England interest rate decision as well as quarterly economic forecasts, then followed by Governor Andrew Bailey’s press conference.
Economists are forecasting the Bank of England will cut rates – the 3rd time since their peak in 2023.
It will be interesting to see if the Pound can hold up.
Usually, a rate cut would be bad news for the Pound.
GBP/EUR has been strong in recent weeks and is sitting near highs for the year, so there’s an excuse to sell off.
As for the US Dollar, it’s been like a yo-yo.
We’ve had lots of recent announcements about Trump trade tariffs – with investors unsure whether it’s good or bad for the Dollar.
On Thursday and Friday respectively, we have US jobless claims and non-farm payrolls.
It will give investors something else to focus on.
As you may have seen, exchange rates have been lively so far in 2025.
So what next, what should you do?
If you have upcoming requirements, please do get in touch so we can keep an eye on things for you.
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:
Tuesday 4th February 2025 at 10:15
£1.00 GBP = 1.2025 EUR
£1.00 GBP = 1.2430 USD
£1.00 GBP = 2.0015 AUD
£1.00 GBP = 2.2160 NZD
£1.00 GBP = 1.7925 CAD
£1.00 GBP = 1.1300 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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