Will It be a Super Thursday?

This Week's Focus on 'Super Thursday'...

Attention this week will be firmly placed on the events taking place on Thursday. Unlike the usual 'Super Thursday', where the Bank of England offer a deluge of economic data, this week's includes a variety of events from across the western hemisphere. Most importantly for the pound will be the UK general election taking place.

The race has been heating up these last few weeks with various opinion polls now narrowing the Conservative's lead to just a few percentage points. Results should filter through overnight into Friday and the result should be known by sometime on Friday morning. The European Central Bank will also feature on Thursday with their decision and announcement following the conclusion of their latest monetary policy meeting.

The eurozone has been performing very well recently, the only area of frustration for the central bank has been the tick lower in inflation from 1.9% in April to 1.4% in May. However, this might not discourage the bank from highlighting the area's progression and they may choose to offer some titbits for the euro bulls out there. The third event which will be closely eyed on Thursday is the former FBI Director's testimony to a Senate committee. James Comey was recently fired by Trump and will now be called to testify on questions surrounding the Bureau's investigations into Russia and any influence Trump may have exerted in regard to the also fired Mike Flynn.

A very interesting line-up and one which could create an exceptional day across FX markets.

Today's highlight for economic data is services PMI from the UK. We'll also see similar releases from the eurozone and US. Last week's non-farm payrolls data missed expectation by a considerable mark. The greenback's looking weak and could be primed for further losses dependant on this week's data and various events.

Guidance on Sending Money Internationally

Frequently Asked Question:

Hi Cle France, we are already registered with a currency exchange firm and we do seem to get a few other FX companies phoning us saying they are the best? they cannot all be the best surely? as we have viewed with many agents and visited many websites do you have any advice or guidance on which one we should use as our date for paying the 10% deposit looms, exciting times!

Regards, Chris.

'Cle France' Answer:

Of course you must use whoever you see fit, but I explain quickly why we recommend Ben Amrany of FC Exchange.

He handles the transfers for virtually all of our clients, and the reason for that is so that we keep everything in house: Ben, myself, the Notaires and the Agents in France all work together, so we know at any point in time where the money is, which can relief the stress for our clients.

For instance if a Notaire says the money hasn't arrived, I can pick the phone up to Ben, get the tracking details and speak to the Notaire directly to tell him to look again, and how to identify the transfer. But where we have another currency company involved I can't work for the client in the same way, and we have to depend on the client to resolve the problem, which can be very stressful, especially when the currency trader tells the client "the money has been sent", and the Notaire says "he hasn't received it"!

Sadly this has happened a fair bit when other currency companies have done the transfer.

So the benefit of using Ben Amrany and FC Exchange is that... Yes, he will beat other companies' rates as he has a Best Rate Guarantee, but also that he pays careful attention to our clients so things quite literally never go wrong, and funds never go astray, and I can't say that about other companies I have encountered.

You don't even have to by buying a house with Cle France to use Ben for your currency exchange, indeed some clients who have viewed with us may actually buy a property with another agent, sadly we can't win them all, that does not stop them still using Ben and FC Exchange to get the best deal on for their money.

So hopefully I have given you a bit more detail, and feel free to give Ben the chance to at least give you a no obligation quote, but of course I stress again, you can of course use whomsoever you wish.

Thanks, Sharon Evans - Director of Cle France Ltd.

Current rates:

Monday 5th June 2017 at 12:00

£1.00 GBP = 1.1478 EURO

£1.00 GBP = 1.2903 USD

£1.00 GBP = 1.7262 AUD

£1.00 GBP = 1.8094 NZD

£1.00 GBP = 1.7386 CAD

£1.00 GBP = 16.4466 ZAR

Do you want more information ?

So if you need to buy or sell sterling and would like to be kept up to date with all the latest data releases and exchange rate movements then feel free to contact myself Ben Amrany. If you are buying or selling a house in France we will make sure your monies are in the right place at the right time, we work hand in hand with you and Cle France.

For more information on the currency service I can provide please feel free to contact myself...

Ben Amrany from FC Exchange follow this link or phone and ask for myself and quote "Cle France" on 020 7989 0000.

You may contact me directly using this form (click here) with your requirement and I will explain the options that are available to you in getting the best exchange rate.