A quick summary of what’s happening

Pound jumps to 1-month high against Euro

The Pound is having a good run against the Euro, Aussie and Kiwi, but is struggling against the US Dollar.

The US Dollar is exceptionally strong against other major currencies at the moment.

We attribute a lot of that to geopolitical fear as things are kicking off in the Middle East. It’s known as a ‘risk-off’ market.

The other key factor is that opinion on interest rates is changing rapidly.

The reason is inflation is proving to be sticky.

Today’s UK inflation reading is a case in point. Once against, inflation has come in above expectations.

Core inflation is still sitting above 4% - more than double the Bank of England’s 2% target.

Hard to see any rate cuts happening without a big drop in inflation.

The US Fed has come to the same sort of conclusion, pushing back expectations of cuts until later this year.

The Europeans are less clear but you would think they are largely in the same boat.

Moreover, there’s a fair bit of volatility in exchange rates right 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.

If you have a currency requirement, best to get in touch to discuss current exchange rates, market strategies and upcoming events.

Get in touch so we can help you take advantage of any favourable moves.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click below.

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Current rates: 

Thursday 18th April 2024 at 15:00

£1.00 GBP = 1.1705 EURO

£1.00 GBP = 1.2455 USD

£1.00 GBP = 1.9355 AUD

£1.00 GBP = 2.1050 NZD

£1.00 GBP = 1.7040 CAD

£1.00 GBP = 1.1340 CHF

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Pound drops to 4-month lows against Dollar

The US Dollar has shot up after a shock inflation reading. Inflation increased from 3.2% in February to 3.5% in March.

It might not sound like a big deal, but it’s a major plot twist.

We’re in a world where inflation is expected to be falling (fast), not going back up again.

Now it seems the US Federal Reserve has the luxury of sitting back and putting their feet up for while (markets were expecting a June cut).

As a result of Dollar strength, the GBP/USD rate has dropped to 4-month lows.

Hey, things can always be worse. The Japanese Yen just hit 34-year lows against the US Dollar! Ouch.

The tug of war between the Pound and Euro continues.

The Pound made some good ground early this week with a powerful surge on Monday and Tuesday.

But a retreat yesterday suggests the Euro team is fighting back (Heave!).

There’s plenty of volatility in exchange rates at the moment.

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 have a currency requirement, best to get in touch to discuss current exchange rates, market strategies and upcoming events.

Please make sure you get in touch so we can discuss market trends and target rates.

You can speak to a member of our team on 01872 487 500.

To find out the latest rates, click below.

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?

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