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Surprising Boost for the Pound As UK Inflation Rises
Surprising news for the Pound this week with the release of UK inflation data.
UK inflation rose in December to 4.0% despite many thinking it would drop to 3.8%.
The first increase in the rate since February 2023.
The expectation was that drops were on the horizon for GBP with news of a fall in UK inflation.
In fact, the Pound-to-Euro rate is currently seeing its highest levels of 2024 so far.
With the ECB’s interest rate decision (January 25th) just around the corner, it’ll be intriguing to see if they continue to hold their rates steady.
For GBP/USD, the rate has for the most part seen a slight downtrend over the last 7 days, but the inflation news has caused a slight gain back, in favour of the Pound.
Elsewhere over the last 7 days, the Pound continues to see a slight uptrend against the Aussie and New Zealand Dollar.
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.
Get in touch if you would like to discuss current rates and your own currency strategy.
You can speak to a member of our team on 01872 487 500.
To find out the latest rates, click below.
Benefits of using Key Currency:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- Authorised by the FCA
Current rates:
Thursday 18th January 2024 at 10.45
£1.00 GBP = 1.1645 EURO
£1.00 GBP = 1.2680 USD
£1.00 GBP = 1.9315 AUD
£1.00 GBP = 2.0714 NZD
£1.00 GBP = 1.7010 CAD
£1.00 GBP = 1.0963 CHF
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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.
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Want to Live in France Post-Brexit? download our "PDF Guide to Living in France Post-Brexit" document.
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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
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