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

There are lots of mixed signals at the moment

UK Rate Decision Today!

It explains the erratic moves in the major currency pairs, where trends have been short-lived.

In the UK, economic growth is weak, yet we have strong wage growth.

It puts the Bank of England in a quandary.

No bother, central banks are masters of saying a lot while saying nothing at all.

Will we get a rate cut over summer?

“It’s not unreasonable to believe” is the answer.

Meanwhile, the Europeans look set to cut rates in June. “It would seem plausible” was the coded language used. That’s about as direct as it gets from a central bank.

As the for the US, the Fed are looking to “gain confidence” before they start cutting.

Bottom line, Europeans to cut rates in June, then probably the UK over the summer and the Americans later in the year.

In simple terms, relative to the Pound that would weaken the Euro and strengthen the Dollar.

But as we know there is a lot of noise beyond the headlines.

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.

Markets are volatile, so please do reach out to the team if you have any upcoming requirements to protect.

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 15th May 2024 at 11:00

£1.00 GBP = 1.1660 EURO

£1.00 GBP = 1.2520 USD

£1.00 GBP = 1.8995 AUD

£1.00 GBP = 2.0815 NZD

£1.00 GBP = 1.7205 CAD

£1.00 GBP = 1.1425 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