Any currency requirements, please get in touch

Is the Pound headed for Table Mountain?

The Pound has had a mixed start to the week.

It’s up nicely against the Euro and Aussie but down against the Dollar.

We feel the Pound is still being supported by comments from Huw Pill, the Bank of England’s Chief Economist.

Investors are spending a lot of time fretting about interest rate expectations.

Danske Bank believes we may get a ‘Table Mountain’ approach – keeping rates high and flat for some time to come.

It all depends on whether the British economy can take the pain.

It’s two weeks until the next Bank of England meeting. Many economists believe this could be the final hike.

Meanwhile on the mainland, inflation is hotter-than-expected, with the latest readings from Spain and Germany coming in higher than expected.

The EU can expect more rate rises, which will support the Euro.

So what next, what should you do?

Any currency requirements, please get in touch so we can be on the look-out for you.

To speak to a member of our team, call us on 01872 487 500.

To find out our latest exchange rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 6th September 2023 at 12:00

£1.00 GBP = 1.1685 EURO

£1.00 GBP = 1.2552 USD

£1.00 GBP = 1.9630 AUD

£1.00 GBP = 2.1293 NZD

£1.00 GBP = 1.7125 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

Always a good idea to have a plan in place

Pound drifts down ahead of Bank of England news

The Pound has given up some of its recent gains over the last week.

Looks more like a lack of positive catalysts than anything specific.

A bit quiet this week in terms of Pound related news.

A couple of members of the Bank of England have speeches booked in over the coming days.

Traders will be looking for clues on the current state of thinking from the wise owls of Threadneedle Street.

As a heads up, markets are currently pricing in a 90+% chance of a 25 basis point hike from the Bank of England at its next meeting on the 21st September. While still 3 weeks away it should limit any Pound losses.

There can’t be too many more rate hikes to come, surely? We’re at 14 and counting.

Meanwhile, some important data due out later this week which will impact GBP/EUR and GBP/USD.

In Europe, we have the latest inflation read and minutes from the last ECB meeting.

In the US, we also have inflation numbers and jobs data (non-farm payrolls).

So what next, what should you do?

Plenty of movement happening in exchange rates right now.

Always a good idea to have a plan in place (even if you break it).

To speak to a member of our team, call us on 01872 487 500.

To find out our latest exchange rates, click below.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 30th August 2023 at 10:00

£1.00 GBP = 1.1630 EURO

£1.00 GBP = 1.2638 USD

£1.00 GBP = 1.9564 AUD

£1.00 GBP = 2.1259 NZD

£1.00 GBP = 1.7143 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