Pound Sterling at risk from global events
There is plenty of volatility at the moment…
But most of the movement is coming from geopolitical events, rather than market news.
Overall, this still seems to be favouring the US Dollar.
Escalating troubles in the Ukraine and Middle East are only part of the story.
There’s also growing fears around upcoming trade wars.
Trump has proposed tariff hikes for Mexico, Canada and China from day one.
Obviously, if that happens then others will follow suit.
Fortunately, we see the UK (and Pound Sterling) as one of the few currencies that may escape the damage.
UK-US trade is pretty balanced, so there is no need for tariffs (with the US anyway).
A quick update on market trends:
• GBP / USD is near its lowest level in over 6 months
• Euro / Dollar recently hit a 2-year low
• GBP / EUR has been stable for the past month
Given all the volatility of late, make sure you get in touch and we can discuss the best way to protect your currency requirements.
You can call us on 01872 487 500.
Or click below for our latest rates.
So what next, what should you do?
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
For any concerns or discussions on your upcoming currency requirements, make sure to reach out to us.
To speak to a member of our team, call us on 01872 487 500.
To find out our latest rates, please click below.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Tuesday 26th November 2024 at 09:30
£1.00 GBP = 1.1960 EUR
£1.00 GBP = 1.2560 USD
£1.00 GBP = 1.9370 AUD
£1.00 GBP = 2.1510 NZD
£1.00 GBP = 1.7720 CAD
£1.00 GBP = 1.1135 CHF
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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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Pound up today on UK inflation news
There is a lot going on, let's take a closer look…
The Pound has been drifting down against the Euro and US Dollar over the past week.
But today it’s attempting a comeback…
The latest UK inflation data has come in above expectations this morning.
This is good news for the Pound as UK interest rates could now remain higher for longer.
While GBP/EUR has fallen back from 2-year highs, the overall trend still looks favourable.
As for the “Trump Rally” in the US Dollar, it seems to be settling down now.
GBP/USD currently looks oversold and due a bounce.
We have a bunch of speeches from central bankers throughout the week. Investors tend to be sensitive to any change of heart.
As always, if you have any specific requirements coming up, give us a call.
So what next, what should you do?
Get ahead of the game and read our Guide to Foreign Currency Exchange.
Download the Guide Here - with no obligation of course.
For any concerns or discussions on your upcoming currency requirements, make sure to reach out to us.
To speak to a member of our team, call us on 01872 487 500.
To find out our latest rates, please click below.
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Wednesday 20th November 2024 at 09:24
£1.00 GBP = 1.2000 EUR
£1.00 GBP = 1.2670 USD
£1.00 GBP = 1.9445 AUD
£1.00 GBP = 2.1515 NZD
£1.00 GBP = 1.7705 CAD
£1.00 GBP = 1.1215 CHF
-
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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