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The French Property Network

Jun 22

24 Hour Countdown Begins!

As we enter the final day before the historic vote on the UK’s membership in the European Union, momentum has swung towards the Remain Camp. The latest round of polls has seen the remain camp gain support, with both the Financial Times and the National Centre for Social Research firmly having remain in the lead.

On the back of this we have the seen the pound have a strong start to the week. Both GBP/USD and GBP/EUR are up over 3 cents as investors gain confidence in the UK remaining in the EU.

Leading into the home straight, if you have a requirement to buy USD’s or EUR’s, now represents a good opportunity and is a good time to speak to Ben Amrany from FC Exchange follow this link or phone and ask for him and quote "Cle France" on 020 7989 0000.

The Final Countdown

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.

FC Exchange

Blog submitted by: Ben Amrany for The French Property Network - Cle France.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 230
Jun 15

What will happen to the Pound after June 23rd?

NatCen Poll has it Neck & Neck leading into the final week.

The latest NatCen Social Research 'Poll of Polls' shows British voters are evenly split, this poll averages out the six most recent surveys, carried out between 1 and 10 June.

Results from the latest surveys suggest that both "Remain and "Leave" sides are split evenly. Individually, three of the six polls give the "Leave" campaign a lead, while three give Remain the lead, too tight to predict eh!

So what happens to the Pound on June 24th?

Well... it depends on the result as you would expect, the day after the referendum, if we vote to "Leave" the pound will either sink to the lowest level in more than three decades and the UK will be sent into a deep recession or if we Vote to "Remain" the pound will climb towards the highest levels of this year and the economy will tick over the same and have a solid chance to grow.

A highly valued survey of economists say that June 24th is likely to see further big swings in the UK currency pairings.

Like I said a week or so ago, at the moment, with the EU Referendum the exchange rate has become very easy to predict, ever time the "Remain" campaign gains support the Pound gets stronger and each time the "Leave" campaign have success then the Pound weakens, simple.

If you have currency to exchange, especially to buy a French property or funds from a French property sale to return to Sterling then timing is key, unless of course you can predict the outcome of the EU Referendum?

But once the result is out, at least now you know what may happen in terms of Sterling gaining lost ground after a "Remain" result or losing further ground, going down like a Lead Balloon following a "Brexit"; then you can act quickly and confidently.

So what to do now?

If you do have a pending currency exchange requirement then 'Create an account' via the FC Exchange website.

If you have not used a currency trader before then read our article Using a Currency Trader: The basics.

We all want to get the most Euros for our Pound but how do you do this? read our article on How do I get the best Exchange rate deal?

Brexit

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.

FC Exchange

Blog submitted by: David for The French Property Network - Cle France.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 192
Jun 13

EU Referendum draws closer

It will be an exceptionally busy week this week with numerous central bank decisions. Considering the EU Referendum is approaching fast, demand for property viewings in France has not slowed down, in fact it has increased?

This has even surprised us at Cle France, we thought we would be enjoying a less busy period but we have had to work harder than ever to keep up with demand.

EU referendum news likely to dominate

Also the currency exchange rate is normally impossible to predict but with the EU Referendum it has become very easy to predict, ever time the "Remain" campaign gains support the Pound gets stronger and each time the "Leave" campaign have success then the Pound weakens, simple.

A lot of potential buyers bought their currency during April and May when the rate was more in their favour but to be fair even today with the "Leave" campaign looking strong the exchange rate is very similar to what it was in February.

For British sellers in France this is a rare bit of good news, the Pound losing ground because the "Leave" campaign has had some success means it is a good time to consider a "forward contract" depending on what one thinks the EU Referendum result will be will determine the best time to exchange euros into sterling using a forward booking [find out how this works here].

Brexit

Remain and Leave campaign Tug of War

The main story is the ongoing tug-of-war showdown between the Remain and Leave campaign. It has now become far too close to call with sterling seeing nearly 1.25% of weakness against the euro and US dollar since we left the offices on Friday following a ORB poll placing "Leave" comfortably ahead.

More opinion polls will be released this wee, we are now in the final full week of trade before next week's EU referendum.

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.

FC Exchange

Blog submitted by: Ben Amrany for The French Property Network - Cle France.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 207
Jun 9

Gold Sales Pick Up Following Brexit Worries

Leave Campaign gathers Strength

Yesterday's positive Industrial and Manufacturing Production figures were taken very well ahead of the EU Referendum amidst fears of an economic slowdown. With the latest polls suggesting that the 'Leave' campaign is gaining support, demand for gold bullion bars and gold coins is rising as "Brexit" is now seen to be a real possibility.

American Elections

In the US, former Secretary of State Hilary Clinton has made history with big election wins on Tuesday in California and elsewhere. Should she be elected on Nov 8, the Clinton family would return to the White House after 16 years.

US Dollar

Today

This morning we await the UK Trade Balance figures, which are expected to remain unchanged at -11.20B and later today we see the release of the US Initial Jobless Claims which is expected to rise up to 270K from 267K.

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.

FC Exchange

Blog submitted by: Ben Amrany for The French Property Network - Cle France.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 311
Jun 6

YouGov Poll

YouGov Poll Erases Most of Recent Sterling Gains

Over the weekend 'YouGov' have released a poll commissioned by the ITV TV network.

This poll put the 'Leave' campaign slightly in front of the 'remain' campaign, 45% choosing to leave and 41% choosing remain.

Two weeks ago this was a very different story, quite the reverse, with the remain camp firmly leading the way.

The recent surge for the "Leave" vote has led to selling of the Pound and further weaknesses, with rates falling over the weekend quite substantially.

FC Exchange

Monday 6th June at 12:00 - £1.00 GBP = 1.2702 EUR

Exchange rates can fluctuate dramatically so it can be risky to leave yourself open to market movements when converting money from one currency to another. Of course the rate could move in your favour, however, it could also move enough against you to completely ruin your budget and your plans. 

A Forward contract with FC Exchange means you can fix your exchange rate for up to two years in advance, so you’ll know exactly how much you’ll get when you make your international money transfer. This makes budgeting a great deal easier and a lot of stress is removed.

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.

FC Exchange

Blog submitted by: Ben Amrany for The French Property Network - Cle France.

For everything you need to know about French property visit www.clefrance.co.uk

Add CommentViews: 344

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