Pound hits 8-week high against Euro

The GBP/EUR rate has been choppy throughout the summer.

But just over the last week, the Pound has made a powerful move higher.

Buyers of Euros may wish to take advantage.

It’s largely to do with the UK’s ongoing battle with inflation.

The UK has the highest inflation rate among the G7 nations.

And with wage growth of almost 8%, the UK is struggling to contain the wage-price spiral.

The bottom line is it will put pressure on the Bank of England to keep upping interest rates.

This in turn is lifting the Pound.

Meanwhile, a Bloomberg poll shows that interest rates in Europe are expected to rise one more time before they are paused. That is weakening the Euro.

The US Dollar looks on more solid footing than the Euro.

A few more rate hikes in the US are expected. As a result, GBP/USD is largely unmoved this week.

So what next, what should you do?

Make sure you keep in touch as we are always on the look-out for favourable moves.

Any currency requirements? We’re here to help as always.

Call us on 01872 487 500. Or click below for the latest exchange rates.

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:

Thursday 17th August 2023 at 10:30

£1.00 GBP = 1.1701 EURO

£1.00 GBP = 1.2715 USD

£1.00 GBP = 1.9869 AUD

£1.00 GBP = 2.1448 NZD

£1.00 GBP = 1.7208 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

Property For Sale - To Suit Most Budgets

Our popular Property Guides are available for you to download, they are in plain English and ideal for people who want to Buy, Sell, Holiday and of course Living in France with Post Brexit rules, Healthcare, Currency Exchange and much more.

Whether you’re buying or selling a property abroad or paying international bills, we recommend getting a free quote from our currency desk.

Hey by the way - Today we uploaded some new Property Videos to YouTube.

Head over to our YouTube Channel to check them out, some absolute stunners today.

Whilst you are there please 'Like' and 'Subscribe'.

Join us on our social media platforms - Hope to see you soon.

Clicking on the property image or the 'Enquire Now' button is only 1-click to the full property listing on the Cle France Website.

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


Have you watched the video yet?		Have you watched the video yet?
Priced at €378,900		Priced at €34,000
Region: Verteuil-sur-Charente		Region: Rural Village in Poitou Charentes


Former Farm House to Renovate		Detached Country House with Character
Reduced from €54,590 to €49,590		Reduced from €139,500 to €118,500
Region: Lower Normandy Countryside		Region: Lower Normandy Countryside


Beautiful Apartment in Period Property		Detached House with Great Potential
Priced at €89,000		Reduced from €67,000 to €59,000
Region: Languedoc Roussillon		Region: Poitou Charentes Countryside


Detached House with Garden and Basement	Fishing Lake in the Quiet of the Countryside	Detached Country House with Character
Reduced to €182,000	Reduced to €76,000	Priced at €84,400
Region: Lower Normandy	Region: Loiret, Centre	Region: Lower Normandy


Detached Contemporary House by the Coast	Beautiful Detached House with Garden	Detached House with Direct View of Mont St Michel
Reduced to €399,000	Reduced to €186,170	Reduced to €476,000
Region: Normandy Coastline	Region: Poitou Charentes	Region: Mont-Saint-Michel


Visit World Property Network Website	Download a Selection of our Property Guides	Visit Private Sales Direct Website
Thousands of Properties	Packed Full of Advice	Buy Direct from the Vendor
Property For Sale in France and the rest of the World	Quick and Easy to Download	Private Sellers in France and the rest of World

Want 'SPECIFIC TO YOU' property updates - OPEN AN ACCOUNT TODAY

Our Newsletters are varied in Region, Budget and general news so over time there is something for everyone.

To create a 'specific to YOU' property search and alert then the best thing to do is go to the website and set up your personal Cle France Account it is free and easy of course!

You will be able to Save Individual Properties and Searches on the website. Any updates to those properties and searches will be emailed to you on a regular basis.

Open a Cle France Account in less than 1 minute today.


Visit Cle France Website	Request a Mortgage Quote	Currency Exchange Service

Big Thank You to all who joined us recently on our social media platforms, if you haven't yet then come and say Hi !

Change your subscription

Is the Pound set for a summer seesaw?

As always, plenty happening in the currency markets.

Last week the Bank of England raised rates for the 14th time in a row.

But here’s the interesting bit: the members were split 3 ways on the vote.

It’s another sign we could be near the top.

Investors seem wary of this too with the Pound dropping after the meeting.

Take note - there is potential for a lot more Sterling selling if there is a shift in Bank of England expectations.

I suspect the Bank of England is confused. They know they’ve inflicted a lot of pain but suspect it’s not yet filtered through to the economy.

That seems evident given the UK’s low unemployment and healthy mortgage approvals. But they don’t want to break the economy, so it’s likely they will have to pause soon.

If that’s the case, what will drive Pound exchange rates next?

It could be we face range-bound trading over the coming weeks and months.

Look on the bright side, that will give opportunities to buyers and sellers.