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Euro rebounds to 2-week high against Pound
The Euro has rallied this week after some tough times.
There is currently speculation a 0.5% interest rate increase may happen in the EU.
This would be a bigger increase than expected, showing Europe is getting more aggressive towards inflation.
The recent rise in the Euro could present a good opportunity for Euro sellers to act.
In the UK, data shows the gap between inflation and wages is increasing.
In simple terms, our living standards are falling.
It’s not good for the man on the street or for the strength of the Pound.
As the world battles inflation, uncertainty in currency markets looks set to continue.
If you have a currency transfer in mind, it could pay to talk it over with us on a no-obligation phone call.
Call 01872 487 500 to get in touch or click below to get a free quote today.
Kind regards,
David Evans
Co-Founder of Cle France.
Cle France / Key Currency
Key Currency is the currency exchange department of Cle France Ltd, 'Cle' being the French word for 'Key', did you see what we did there?
France has Re-Opened for Travel
As of today (January 14th 2022), fully vaccinated people travelling from the UK to France will no longer need an essential reason for travel and no longer have to quarantine on arrival.
You will still, however, be required to present the negative result of a Covid test [PCR or lateral flow] taken in the 24 hours before your journey begins.
It should also be noted that from Saturday all adults, residents and visitors, will need to have had a booster Covid jab to be considered 'fully vaccinated' under French health pass rules for leisure and attending events within France, if their second jab was more than seven months ago (the NHS Covid App is acceptable in France for 'health pass' purposes).
Boosters are not however a requirement for entry to the country, though this could change later in the year.
Viewing appointments are now being snapped up quickly so get in touch and secure your viewing trip appointments as soon as possible.
Blog submitted by: Sharon Evans - Founder of Cle France.
For everything you need to know about French property visit www.clefrance.co.uk
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It’s a very unusual situation right now…
On the one hand, the Pound has jumped to 12-month highs against the Euro.
On the other hand, the Pound is nearing 12-month lows against the US Dollar.
I’m no historian, but I can’t recall ever seeing that before!
There are of course good reasons behind these extraordinary moves.
The US Dollar is surging on the back of rampant US inflation – which could force the Federal Reserve to rapidly tighten policy.
As for the Euro, it’s getting hammered as Covid is once again sweeping through Europe as winter approaches.
The Pound is caught somewhere in between.
The UK faces rising inflation and rising Covid – which in currency terms are cancelling each other out.
For our customers, these big market moves present risk and opportunity.
If you are selling Dollars or buying Euros, it’s a golden opportunity.
For those on the other side of the equation, you may need to think about whether you can afford for things to get worse.
Whatever your currency requirements, please get in touch with a member of the Key Currency team on 01872 487 500.
We will always help guide you on the best strategy for your situation.
To find out our latest exchange rates, click on the link below.
Thanks For Reading, What Next?
- To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
- Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 24th November 2021 at 09:50
£1.00 GBP = 1.1909 EURO
£1.00 GBP = 1.3364 USD
£1.00 GBP = 1.8501 AUD
£1.00 GBP = 1.9316 NZD
£1.00 GBP = 1.6928 CAD
£1.00 GBP = 21.1421 ZAR
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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.
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Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.
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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.
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For everything you need to know about French property visit www.clefrance.co.uk
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