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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Buckle in - Interest Rate cuts are coming

The first quarter of the year has passed already.

As we head into Q2, it’s all about interest rate cuts.

Who will be the first to act?

Futures markets indicate the US and EU will see their first rate cut in June. In the UK, expectations suggest a cut some time over the summer.

Rate cuts can have a big impact on exchange rates, so buckle in.

At the moment, Pound to Euro is in a bit of a holding pattern.

There looks to be opportunities for buyers and sellers right now, so it’s worth keeping a close eye on the daily swings.

The uptrend in Pound to Dollar seems to have stalled.

Again, I suspect investors are awaiting news on rate cuts.

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.

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 4th April 2024 at 11:30

£1.00 GBP = 1.1665 EURO

£1.00 GBP = 1.2660 USD

£1.00 GBP = 1.9360 AUD

£1.00 GBP = 2.0955 NZD

£1.00 GBP = 1.7095 CAD

£1.00 GBP = 1.1475 CHF

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