What will the Bank of England do next.

The Pound awaits Fed and BoE rate decisions…

A choppy market over the past week for the major currency pairs.

It’s likely a pause for breath before this week’s big news…

Later today the US Federal Reserve is due to meet.

With US inflation back down to 2.5%, a 0.25% cut in rates looks likely. Some analysts are suggesting 0.5% is possible as the Fed has been slow out of the blocks.

At Thursday lunchtime, it’s the Bank of England’s turn in the spotlight.

An interest rate cut in the UK is not likely but with economic growth flatlining it may cause the Bank of England to think long and hard.

The interest rate decisions and forward guidance over the coming days may be enough to trigger a break-out of the current narrow trading ranges.

If you don’t want to take the risk, you can always lock-in an exchange rate now.

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.

Please get in touch to discuss your situation.

You can call us on 01872 487 500.

To find out our latest rates, please 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 18th September 2024 at 11:00

£1.00 GBP = 1.1875 EURO

£1.00 GBP = 1.3325 USD

£1.00 GBP = 1.9490 AUD

£1.00 GBP = 2.1245 NZD

£1.00 GBP = 1.7970 CAD

£1.00 GBP = 1.1150 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

Pound falls as inflation falls

But fear not, it’s not all bad news…

We mentioned a few weeks ago that the Pound was the best performing major currency of 2024.

While it sounds impressive, it also means expectations are high.

Any bad news is likely to make the Pound trip up.

Over the past few weeks, we’ve seen a general drift down in the Pound against most of its rivals.

The one exception to this has been the US Dollar.

The GBP/USD rate has been up at 2-week highs this week – fears of a US recession have weakened the Dollar.

Today the Pound has been hit by important news.

UK inflation has come in lower than expected. It will be viewed as an opportunity for more potential cuts in interest rates.

Note - cuts in interest rates tend to weaken a currency.

But fear not, it’s not all bad news.

In a broader sense, the Pound has still had a good start to 2024. The UK economy is slowly improving (helped by lower inflation) and there might even be a halo effect from a new government.

The point is currencies are rarely a one-way street. There are usually opportunities for buyers and sellers if you keep a close eye on things.

If you have an upcoming requirement, please get in touch so we can discuss your timeframe and expectations.

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.

If you would like to discuss your situation, we are happy to help.

Please do get in touch 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 14th August 2024 at 11:30

£1.00 GBP = 1.1655 EURO

£1.00 GBP = 1.2845 USD

£1.00 GBP = 1.9375 AUD

£1.00 GBP = 2.1350 NZD

£1.00 GBP = 1.7600 CAD

£1.00 GBP = 1.1084 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