Weekend opinion poll weighs on sterling

Monday 6th June at 09:45 - £1.00 GBP = 1.2725 EUR

A weekend opinion poll placing the 'Leave' campaign ahead of 'Remain' has dramatically effected Sterling.

EU Referendum campaigning is now at its most intense with many scheduled debates and speeches lined up over the next couple of weeks. The response in the Currency Exchange market is as expected, sterling has dropped lower, circa 0.50% across the board.

Further opinion polls are scheduled to be released in the coming days, speak to our currency dealer to plan ahead and mitigate the high levels of risk lying ahead in this uncertain period.

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

Focus on Yellen speech today

Today's focus is firmly on a speech from the head of the Federal Reserve, Janet Yellen at the World Affairs Council of Philadelphia.

Focusing on the US economic outlook and monetary policy, following last week's terrible jobs number (38K v 164K) which condemned the Dollar to heavy losses, a huge amount of attention will be paid to Yellen's tone and insight toward their next rate hike. 

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.

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

Brexit Update | Sterling loses value against both Euro and US Dollar

After a positive two weeks for the pound, it has now been on a volatile run since the Bank holiday weekend. We have witnessed the pound lose value against both the Euro and US Dollar. We have seen GBP/EUR rates retract by 2.57% and GBP/USD 2.3% since Monday.

In the lead up to the EU (European Union) referendum on 23rd June, there are sure to be many more peaks and troughs for the pound. But there continues to be uncertainty surrounding the Brexit vote, which could keep the pound on the back foot.

I have been saying for a long time that as we get closer to the EU referendum day we could see the pound start a decline against many of the major currency pairs as uncertainty takes hold. There is likely to be far more risk to the downside from an out vote than any potential gains we may see if we remain in the EU.

Many analysts and banks alike have predicted a vote to leave the EU could see a decline of around 10% for the pound and a vote to remain in the EU should see the pound stabilise and we may see a marginal gain. Is that risk worth taking?

If you are considering a currency exchange now or in the near future for a property purchase, business transfer or just need to top up your account overseas I will be happy to explain all of the options available to you to help you minimise any future rate fluctuations going against you. Call me directly 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.

We can use numerous tools from forward buying to placing stop loss and limit orders in the market to help you maximise your exchange and give you that all-important peace of mind in knowing how far your funds are going.

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.

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

Sterling shoots higher following Carney comments and another opinion poll release...

Yet another opinion poll has been released displaying a considerable lead for the 'Remain' campaign. Yesterday's ORB poll, released via the Telegraph newspaper, indicated a 55% vs. 42% majority for 'Remain'.

This adds to last week's opinion poll and builds the bigger picture that an exit from the EU is progressively looking less likely. Opinion polls should generally be taken with a pinch of salt, however, the strong margin and trend in favour of a vote to stay will definitely fill the 'IN' campaign with confidence. After the poll results were officially released circa 08:30am yesterday morning, sterling began its climb higher. 

Yesterday at 1030, Mark Carney and colleagues began a parliamentary select committee hearing, focusing on the most recent inflation report. Two comments gave sterling a further reason to rally, Carney disagreed with the Treasury's comments on inflation in the case of a 'Brexit' and also confirmed, if this were to happen, the Bank of England would do all that was in their power to keep markets functional and orderly. Carney's confident and soothing comments allowed GBP to take another leg higher.

Once again, further progress was made against the euro than the US dollar with sterling gaining 1.6% and 1% respectively. With markets now beginning to believe a 'Brexit' is unlikely, it brings up the ugly question of just how much of a vote to stay is already priced, in with the famous financial market term springing to mind - buy the rumour, sell the fact.

The major event on today's economic calendar is an interest rate decision from the Bank of Canada. After a bout of strength derived from a rise in the price of oil the  Canadian dollar has taken a break and given back a portion of its recent gains. Today's meeting could extent the Loonie’s losses or put it back on track.

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.

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

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

EU referendum exactly one month away, quiet before the storm?

Only one month left before the UK heads to the polling station, sterling appears to be behaving rather steadily. We have seen the recent gains on the back of various opinion polls, indicating that the 'Remain' campaign holds a ever stronger lead over the flailing 'Leave' camp. The next few weeks will be crucial for both sides of the campaign, with many votes still up for grabs from voters still on the fence.

A you would expect this week's headlines and opinion polls will likely have an impact on the value of the pound.

From the UK this week, Q2 2016 GDP second reading will be released, as well as government borrowing numbers although UK economic data has taken a back seat with the EU referendum stealing all the headlines and influence.

Currency markets are forward thinking but with such a huge political event on the horizon many traders will not be getting too excited over a better or worse release on a particular set of data. The EU referendum seems to drive everything at the moment.

Although the market has begun to take heed of this message, it's still exceptionally sceptical. This week's data and speeches will no doubt add further colour to the picture. From the eurozone, flash PMIs are the highlight of the week.

Data from the eurozone has been lacklustre so far this year, after policy amendments recently seen from the ECB, Draghi and Co. will be watching these figures closely for signs of improvement.

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.

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

George Osborne has presented a study by the treasury that states that the UK will enter a year long recession if we vote to leave the EU. This has the potential to give the 'Remain' campaign some strength on top of the gains they have made lately, which were seen by the poll released last week.

The Leave campaign have dismissed these claims as "fantastical", pointing out that the Treasury has made several incorrect forecasts in the past.

The Treasury: Year Long Recession Would Follow a Leave Vote.

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.

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