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The French Property Network

Jul 13

Currency News 13.07.2018

Today's Currency Market Focus

GBP: US to reject a Soft Brexit

EUR: Euro wilting

USD: Higher despite inflation miss 

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GBP: US to reject a Soft Brexit

Theresa May finally released the government’s Brexit White Paper yesterday but the joy has been short-lived. 

President Trump has indicated the current plans would “kill” any chances of a UK-US trade deal. Party over. 

Brexit seems to be a no-win issue for Theresa May and it continues to haunt the Pound. 

EUR: Euro wilting

The Euro also finds itself in a weak position. 

With the EU economy wilting in the summer, a cautious mood has once again returned to the European Central Bank (ECB). 

Yesterday the latest minutes from the ECB revealed that its members are not considering raising rates next year, which was in contrast to market expectations.  

USD: Higher despite inflation miss

The Dollar will not be deterred at the moment. 

Yesterday saw the latest CPI figures come in under estimates – which would normally be Dollar negative. 

However, geopolitical events are overshadowing day-to-day data. Donald Trump’s road trip is producing some big and sometimes scary headlines which is leading to greater risk aversion and therefore benefiting safe-haven currencies such as the Dollar. 

Key Currency

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Friday 13th July 2018 at 14:15

£1.00 GBP = 1.1304 EURO

£1.00 GBP = 1.3158 USD

£1.00 GBP = 1.7818 AUD

£1.00 GBP = 1.9552 NZD

£1.00 GBP = 1.7358 CAD

£1.00 GBP = 17.5370 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document now.

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

Add CommentViews: 420
Jul 12

Currency News 12.07.2018

Today's Currency Market Focus

GBP: Sterling attempts a comeback

EUR: Germany’s struggles weigh on the Euro

USD: Oh dear, yet more tariffs 

Click for a Quick Quote

GBP: Sterling attempts a comeback

It’s been a volatile week for Sterling so far with two senior Cabinet members resigning. But many traders were surprised to see that Sterling has recouped most of its losses. 

If Theresa May can cling to power, she has probably got a better chance of getting a Brexit plan finalised with some of the main ‘obstacles’ now removed – which is why Sterling has not capitulated. 

Of course, those ‘obstacles’ are plotting in the background and will want to dethrone May at some point. But would they want to be PM now? Or is it better to let May do the heavy lifting on Brexit then make their move? 

EUR: Germany’s struggles weigh on the Euro

No one is invincible. First the Germans were knocked out of the World Cup. Now their economy has hit the skids. 

Yesterday we got the latest reading from the ZEW Survey which revealed economic sentiment has slumped to a six-year low. What’s more, analysts are worried a global trade war would hit Germany harder than most given many of its best industries rely heavily on exports. 

USD: Oh dear, yet more tariffs

President Trump is at it again. A further round of 10% tariffs have been announced in relation to $200 billion of Chinese goods. The Chinese have vowed to retaliate. 

While the US is the instigator of these ‘trade wars’, the irony is the Dollar is benefiting from its safe haven status. The market takes the view that even if protectionist policies ultimately hurt the US, they will hurt other countries far more. And as we know, currencies are a relative measure. 

More eventful news is no doubt coming as President Trump has a busy schedule lined up over the coming days with a NATO meeting, visit to the UK then meeting with President Putin. 

Key Currency

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Thursday 12th July 2018 at 15:00

£1.00 GBP = 1.1328 EURO

£1.00 GBP = 1.3227 USD

£1.00 GBP = 1.7875 AUD

£1.00 GBP = 1.9524 NZD

£1.00 GBP = 1.7412 CAD

£1.00 GBP = 17.6963 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document now.

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

Add CommentViews: 442
Jul 9

Boris Quits, Pound in Turmoil

It’s been an eventful day…

First David Davis quit. Now Boris Johnson. The “Third Way” Brexit plan has spectacularly backfired. 

Tory backbenchers are openly declaring that Theresa May's premiership is effectively over. 

With just 8 months until Britain leaves the EU, time is running out.

In the coming weeks and months, the Pound will remain exposed to escalating political risk. 

For those wishing to mitigate their currency risk or need guidance on exchange rates, please do get in touch. 

Key Currency

Thanks For Reading, What Next?

To discuss current exchange rates and currency purchasing strategies, please contact your trader today on 01872 487 500.

If you don't yet have an account please request a free quote and we’ll look after you from there.

Have a great day,

Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates: 

Monday 9th July 2018 at 16:30

£1.00 GBP = 1.1275 EURO

£1.00 GBP = 1.3248 USD

£1.00 GBP = 1.7736 AUD

£1.00 GBP = 1.9372 NZD

£1.00 GBP = 1.7359 CAD

£1.00 GBP = 17.7238 ZAR

Need to Send Money Abroad?

At Clé France, many of our customers have a need for currency exchange.

We are pleased to have partnered with Key Currency to offer our customers favourable exchange rates on international currency transfers.

Key Currency is an award-winning currency exchange specialist, Key Currency Limited is authorised and regulated by the Financial Conduct Authority as an Authorised Payment Institution (Financial Services Register No. 753989) and experienced in executing high-volume transactions.

As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

Save money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than retail banks.

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.

Download our "Buying A Property in France" Guide PDF document now.

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

Add CommentViews: 419
Jul 5

Your agents have been excellent

Hi Sharon,

So excited that our house in St Cyr-du-Bailleul completes tomorrow. 

The money is there, Key Currency did the exchange, so all will go smoothly! 

Your agents have been excellent, more than helpful and I would recommend them to anyone.

Many thanks, Mandy.

Buying a Chateau, Manor House, Farmhouse, Cottage, Holiday Home, Lake or just a Plot of land in France is easy with Cle France, You can do the same, it is easy for you because WE guide YOU through the French Property Buying Process from the very start to completion and beyond!

And as several of our clients say "Follow your heart and make the move"!

Thank You Cle France

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

Add CommentViews: 370
Jul 3

Cle France were very efficient

Hi Sharon,

Cle France were very efficient with booking viewings and the follow up process and were very helpful all round, their agent on the ground in France gave assistance in the whole process which was invaluable; she was very helpful and informative.

Many thanks again.

Karen & Dean Ashmore.

Buying a Chateau, Manor House, Farmhouse, Cottage, Holiday Home, Lake or just a Plot of land in France is easy with Cle France, You can do the same, it is easy for you because WE guide YOU through the French Property Buying Process from the very start to completion and beyond!

And as several of our clients say "Follow your heart and make the move"!

Thank You Cle France

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

Add CommentViews: 459

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