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.

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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:

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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

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Property For Sale - To Suit Most Budgets

New Automatic Visa for Second Home Owners.

Or at least the possibility of one!

France’s upper house of parliament has decided to approve a bill giving British second-home owners an automatic long-stay visa right without any formalities.

The bill will be debated by députés (similar to British MPs), at the Assemblée Nationale in December. It can only be finalised and approved after that process.

The idea is that British second home owners will be able to spend more than 90 days out of 180 days (currently the maximum time allowed following Brexit), in France without making a formal application for a ‘temporary long-stay visa’.

British second home owners would then be able to travel freely to and from their second home without having to complete costly and complicated forms for long stay visas.

It is starting to sound like some good news for those with second homes and looking to buy property in France.

Want to learn more about living in France Post-Brexit?

You can download our guide by clicking the button below.

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We hope you enjoy this small selection, visit the website for our full listings.


Lovely Leisure Plot With River Access		Detached Country House to Renovate
Reduced from €11,000 to €9,000		Priced at €46,500
Region: Poitou Charentes		Region: Lower Normandy


Detached House to Renovate with Garden		Stone Barn to Develop with Garden
Priced at €39,000		Priced at €49,200
Region: Lower Normandy		Region: Lower Normandy


Detached Country House with Character		Beautiful House with Swimming Pool
Reduced from €129,000 to €118,400		Reduced from €199,900 to €188,900
Region: Lower Normandy		Region: Loiret in Centre


Charming Village Cottage In Perfect Condition With Garage	Habitable House to Finish Renovating	Striking 18th Century Manor House
Reduced to €149,500	Reduced to €55,000	Priced at €250,000
Region: Languedoc	Region: Brittany	Region: Lower Normandy


Detached Country House with Outbuilding	Village House with Much More Potential	Detached Country House with Open Views
Reduced to €106,000	Priced at €55,000	Reduced to €127,800
Region: Brittany	Region: Charente Maritime	Region: Brittany


Character House With Lovely Guest Gite	Visit Private Sales Direct Website	Magnificent Property With Beautiful Garden
Priced at €169,900	Buy Direct from the Vendor	Priced at €684,200
Region: Lower Normandy	Private Sellers in France and the rest of World	Region: Poitou Charentes

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The Pound got an unexpected lift this week.

It was a bad news equals good news thing.

Investors have been anticipating a cut in UK interest rates could be possible given that inflation has been dropping considerably.

In fact, money markets had been pricing in that the first cut could come as early as May next year.

However, the Bank of England is having none of it.

The party poopers at Threadneedle Street made some pretty dour statements, including the surprisingly clear “it is far too early to be thinking about rate cuts”.

It’s given the Pound a shot in the arm (higher rates equals higher currency).

The Pound has been struggling against the Euro recently, but this latest news managed to break the downtrend.

Against the US Dollar, the Pound already had upward momentum and now sits near 2-month highs.