Pound to Euro Hits 21-month High!

The Pound continues to be in a strong position

The Pound continues to be in a strong position.

Lower inflation and higher growth from the UK economy has helped.

And so far, there hasn’t been any big wobbles since the UK election was called.

Here’s a quick overview of some key rates:

- GBP / EUR has touched 21-month highs
- GBP / USD has hit 2-month highs
- GBP / CAD is at 27-month highs

Given recent moves, it looks to be a good time for buyers of Euro, US Dollar, Canadian Dollar.

But don't take these favourable moves for granted.

Next month’s interest rate meetings will bring some fireworks to currency markets as rate cuts are a possibility – particularly in the EU and UK.

Note – rate cuts tend to weaken a currency.

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.

Make sure you get in touch so we can keep an eye out for your best market opportunities

You can call us on 01872 487 500.

To find out our latest rates, click below

.

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 29th May 2024 at 09:50

£1.00 GBP = 1.1775 EURO

£1.00 GBP = 1.2760 USD

£1.00 GBP = 1.9180 AUD

£1.00 GBP = 2.0790 NZD

£1.00 GBP = 1.7425 CAD

£1.00 GBP = 1.1650 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

What a week so far…

Pound to Euro hits 12-month high!

The Pound has surged higher pretty much across the board.

In the last 24 hours:

- GBP/EUR has touched 12-month highs.
- GBP/USD has hit 2-month highs.
- GBP/CAD is at 2-year highs.
- GBP/JPY is at 10-year highs.

With UK inflation coming in higher than expected, the odds of a rate cut in June have fallen to 50%.

And yesterday’s general election announcement has only added to the volatility.

Given recent moves, it looks to be a good time for buyers of the EURO, USD, CAD and JPY – to name but a few.

Note - We expect the run up to the election to cause a fair bit of volatility to the Pound as most political campaigns are run on ‘fear’.

Fear and uncertainty cause volatility.

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.

Make sure you get in touch so we can keep an eye out for your best market opportunities.

You can call us on 01872 487 500.

To find out our latest rates, click below.

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: 

Thursday 23rd May 2024 at 09:30

£1.00 GBP = 1.1750 EURO

£1.00 GBP = 1.2735 USD

£1.00 GBP = 1.9215 AUD

£1.00 GBP = 2.0825 NZD

£1.00 GBP = 1.7420 CAD

£1.00 GBP = 1.1645 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