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The one Megatrend in Currency Markets
Right now there is one 'Megatrend' in currency markets…
The strength of the US Dollar.
The US Dollar has gained against the Euro for 11 weeks straight.
And against the Pound, the Dollar now sits near 7-month highs.
It’s more astonishing when you consider the US has had a lot of nasty news recently.
As always, it seems to come down to interest rates.
The US economy is proving resilient, allowing the US Federal Reserve to keep rates higher for longer.
The same can’t be said for the UK and Europe, where it’s economic eggshells.
If anything, investors are pondering whether rate cuts may be on the medium-term horizon.
It’s a balancing act for central banks – how to kill inflation without killing the economy. Ideas anyone?
So what next, what should you do?
Have you read our Guide to Foreign Currency Exchange yet?
Download the Guide Here - with no obligation of course.
If you are looking to make a transfer, the main thing is to take advantage of the opportunities and trends that arise.
Please get in touch so we can help you achieve the best result.
You can speak to a member of our team on 01872 487 500.
To find out our latest rates, click on the link 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 4th October 2023 at 11:00
£1.00 GBP = 1.1552 EURO
£1.00 GBP = 1.2132 USD
£1.00 GBP = 1.9172 AUD
£1.00 GBP = 2.0547 NZD
£1.00 GBP = 1.6614 CAD
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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.
-
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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A big week for Currency Markets
The Pound sinks on inflation news ahead of a big week for currency markets.
Today we have the latest data of UK inflation. It’s good news for the people and bad news for the Pound.
UK inflation is not just falling, it’s falling faster than expected.
It’s such a key number for the Pound.
Tomorrow the Bank of England meet again and another 0.25% rate increase is expected.
Will it be the top? Probably is the answer. And that’s the reason the Pound is falling.
Higher inflation and interest rates have been underpinning the Pound throughout 2023. But that positive catalyst may be coming to an end.
Last week the ECB made it clear that rates have peaked in Europe.
It hasn’t helped the Euro.
In fact, the Euro has fallen for 9 weeks in a row against the US Dollar.
As always, exchange rates are responding to the latest news and events.
So what next, what should you do?
Have you read our Guide to Foreign Currency Exchange yet?
Download the Guide Here - with no obligation of course.
If you are looking to make a transfer, please get in touch so we can help you achieve the best result.
You can speak to a member of our team on 01872 487 500.
To find out our latest rates, click on the link 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 20th September 2023 at 10:30
£1.00 GBP = 1.1565 EURO
£1.00 GBP = 1.2369 USD
£1.00 GBP = 1.9127 AUD
£1.00 GBP = 2.0814 NZD
£1.00 GBP = 1.6630 CAD
-
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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