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Pound surges on ugly UK inflation
Yes indeed - bad news can be Good News, for currencies anyway.
This morning the UK inflation rate has held above 10%.
While not great for the economy, it has given the Pound a big boost.
In recent times, currencies have been underpinned by expectations of more interest rate increases.
That trend continues.
You would have to say the overall trend in GBP/USD is positive and GBP/EUR is choppy with a negative bias.
Put simply, the Pound looks to be doing well against the US Dollar but is struggling against the Euro.
Those looking to buy Euros or US Dollars with their Pounds...
You may wish to take advantage of the bounce in the Pound today.
So what next, what should you do?
If you have upcoming requirements, please get in touch so we can discuss target rates and market trends.
To speak to a member of our team, call us on 01872 487 500.
Or to find out the latest exchange 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 19th April 2023 at 12:45
£1.00 GBP = 1.1353 EURO
£1.00 GBP = 1.2398 USD
£1.00 GBP = 1.8503 AUD
£1.00 GBP = 2.0060 NZD
£1.00 GBP = 1.6675 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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Same, the same but different.
That would sum up currency markets at the moment.
All the major currencies face the same two issues: inflation and interest rates.
But the UK, EU and US look to be at different stages in the cycle.
The UK is expected to be nearing the end of interest rate hikes.
Markets are pricing in an 80% chance of a 0.25% hike at the May meeting. That may prove to be the top.
In contrast, the European Central Bank is still beating the drum for much higher rates, there’s even talk of a 0.5% rise.
And the US is somewhere in between. A few more small hikes perhaps.
It’s important for currencies because higher interest rates lead to higher currency values.
In terms of reading the tea leaves, look out for UK GDP today, it is an important number.
The UK economy looks to be on firmer footing these days (limping not crawling along).
A strong reading should give Sterling a lift.
So what next, what should you do?
Any clients with requirements, please make sure to get in touch with the team in advance.
That way we can let you know if exchange rates move in your favour.
To find out the 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:
Thursday 13th April 2023 at 10:10
£1.00 GBP = 1.1387 EURO
£1.00 GBP = 1.2284 USD
£1.00 GBP = 1.8350 AUD
£1.00 GBP = 1.9754 NZD
£1.00 GBP = 1.6834 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
For those of you already living in France, or planning to do so at some point in the future, you might find this series of ‘Europe Chats’ of interest.
This latest episode of EuropeChats is a discussion between Michele Chang, a Professor at the College of Europe in Bruges, and TEPSA Secretary-General Jim Cloos.
The discussion focusses on building a competitive economy for Europe. It gives an insight into what the EU is going to do to shore up its economy (& the euro) in a context of financial instability worldwide (Credit Suisse, energy prices, inflation, etc.) if this is the state of the currency market now, what might happen in future?
Take a look and feel free to 'Like' and subscribe and or leave a comment.
We hope you find it interesting.
Episode 17 - Building a Competitive Economy For Europe.
Premiered on 30.03 2023
Click on the Video image below to watch the Episode
Want to understand more about GBP Sterling and the Euro ?
In our Free Guide you get expert advice about the process of 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.
For everything you need to know about French property visit www.clefrance.co.uk
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