Pound hits highs as rate cuts begin

A new cycle has begun...

The Bank of Canada is the first major central bank to cut interest rates.

The European Central Bank is expected to do the same today.

The more that do it, the easier it is for others to follow.

But futures markets are still undecided on what the Bank of England will do later this month.

The unclear picture is helping the Pound, perhaps only temporarily.

For now, it’s a great time for buyers of Euros as the British Pound is at its highest point against the Euro since August 2022.

The Pound is also on a nice little run against the US Dollar and Canadian Dollar.

Some good opportunities are coming out of the global policy shift.

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 requirements so we can keep an eye on things for you.

You can speak to us by calling 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: 

Friday 7th June 2024 at 10:30

£1.00 GBP = 1.1745 EURO

£1.00 GBP = 1.2790 USD

£1.00 GBP = 1.9180 AUD

£1.00 GBP = 2.0655 NZD

£1.00 GBP = 1.7490 CAD

£1.00 GBP = 1.1375 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 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