Why 2024 is set for currency volatility.
Markets are forward-looking beasts.
By saying that, I mean they not only react to current news but also try to anticipate news before it occurs.
Which is why I wanted to touch on what’s happening right now.
Futures markets are pricing in a bunch of interest rate cuts in 2024.
Good news for borrowers, but a mixed bag for currencies.
At the moment, markets are expecting the EU to slash rates by around 1.5% next year, the US to cut by 1.25% and the UK by 0.75%.
As currencies weaken with lower rates, any difference in the size of the cuts would trigger a good dose of currency volatility.
If all remains unchanged (a big if), the Pound should benefit relative to the Euro and Dollar.
A lot could & will happen between now and then, but that is the current consensus thinking across the medium term.
In the short-term we have had a bit of profit taking in Pound Sterling after its stellar run recently.
Both GBP/EUR and GBP/USD have drifted down over the past week.
There’s just over 2 weeks to go in 2023...
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 a currency requirement and want the peace of mind of securing a rate now, please get in touch.
You can speak to us on 01872 487 500.
Or to find out our latest rates, click below.
Benefits of using Key Currency:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Wednesday 13th December 2023 at 10.00
£1.00 GBP = 1.1610 EURO
£1.00 GBP = 1.2524 USD
£1.00 GBP = 1.9107 AUD
£1.00 GBP = 2.0542 NZD
£1.00 GBP = 1.7025 CAD
£1.00 GBP = 1.0973 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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Ho Ho Ho! Its Competition Time!
Here's your chance to win one of our amazing prizes!
It's the most wonderful time of the year when we get to eat amazing food such as Mince pies, Turkey, Chocolate Selection Boxes etc.
Clé France Great Giveaway,
This year, to celebrate Christmas we've decided to give away some amazing Amazon voucher prizes.
Prizes are as follows:
Grand Prize of £200.00 voucher
2 x runner up prizes of £50.00 voucher
HOW TO ENTER
To be in with a chance of winning, all you have to do is register for a free currency exchange account & make a currency trade with us at Key Currency before the 22nd of December.
Minimum trade £10k.
Click on 'Get a Quote' to register, click below.
Have you seen David's YouTube Short Video talking about our Christmas Competition.
For everything you need to know about French property for sale visit www.clefrance.co.uk
Pound has surprise jump against Euro & Dollar
Here’s a quick summary of what’s happening:
- GBP-EUR & GBP-USD hovering near 3-month highs
- Markets bet on ECB rate cuts
- Bank of England dismissive of any UK cuts
Pound Sterling is maintaining its strength as traders believe the Bank of England will be the last to cut rates.
Bank of England Governor Andrew Bailey dismissed the idea of rate cuts as “not happening”.
The Eurozone’s inflation rate has fallen to 2.4%, only marginally above the 2% target.
In the USA, the Fed also seems to be softening its stance.
Fed Governor Christopher Waller, who was previously pushing to higher rates, now says they could start lowering US interest rates in 3-5 months.
Anyway, the bottom line is the ‘policy divergence’ is good news for Sterling.
Buyers of Euro and Dollars might want to take advantage.
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 any currency requirements, please get in touch.
You can call us on 01872 487 500 to discuss rates and timing.
To find out our latest rates, click below.
Benefits of using Key Currency:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Wednesday 6th December 2023 at 09.30
£1.00 GBP = 1.1674 EURO
£1.00 GBP = 1.2604 USD
£1.00 GBP = 1.9169 AUD
£1.00 GBP = 2.0493 NZD
£1.00 GBP = 1.7119 CAD
£1.00 GBP = 1.1025 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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