As always, there’s plenty happening

Euro hits 6-month highs as Dollar hits 2-month lows

Some pretty big moves of late…

The Euro has been a winner recently.

EUR/GBP briefly hit 6-month highs late last week before some profit taking kicked in.

Why? Well, that’s less clear.

You could say the Euro is the ‘least worst’ of the majors at the moment.

The UK is struggling with soft economic data and has the highest inflation of the major, developed economies. A bit of political instability isn’t helping the Pound either.

The US Dollar has lost some sparkle too.

It’s sitting around 2-month lows against the Pound.

With lower job creation and inflation in the US, markets now think the Fed will sit tight for a while.

We also note that there is a US election next year and the Fed won’t want to cause a recession (and lose their jobs).

As always, there’s plenty happening.

It’s why exchange rates rarely sit still for long.

So what next, what should you do?

If you are looking to make a transfer, the main thing is to take advantage of the opportunities and trends that arise.

Please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click on the link below.

Quote 'World Property Network' for the best rate.

www.keycurrency.co.uk

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 15th October 2023 at 10:50

£1.00 GBP = 1.1478 EURO

£1.00 GBP = 1.2460 USD

£1.00 GBP = 1.9122 AUD

£1.00 GBP = 2.0627 NZD

£1.00 GBP = 1.70060 CAD

Save Money on your Foreign Currency Transfers

Need to Send Money Abroad?

At World Property Network, 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 World Property Network client, 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 you competitive rates.

All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

World Property Network are there to help you find the best selection of French property for sale and Key Currency are there to save you time, money and hassle; making sure your money is in the right place, at the right time and keeping you informed along the way.

The best service is one that comes highly recommended, that is why you should use the services of Key Currency.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Alternatively, you can contact Key Currency over the phone or visit their website.

0044 (0) 1872 487 500

Quote 'World Property Network' for the best rate

www.keycurrency.co.uk

UK Office: St. Piran House, Truro Technology Park, Truro TR1 2XN

For your dream home and everything that goes with it visit www.world-property-network.com

Critical Week for Pound & Dollar

As always, exchange rates are responding to the latest news and events.

A big week ahead for the US Dollar and UK Pound.

Later today we have the latest US Fed meeting. No change in interest rates is expected but as always, the wise words that follow will offer up critical clues.

The US economy is pumping, so we see the Fed talking aggressively about rates.

On Thursday, attention will turn to the Bank of England.

Same as above, no change in rates is expected this month.

Last month the committee was almost split on their decision, so expect intellectual fireworks.

I know some economists think there might even be some talk about rate cuts next year given the fragile state of the British economy.

If so, it would create what is known as ‘policy divergence’. It matters a lot for the Pound.

With the Fed still tightening, it could well weaken GBP/USD from here.

We also see the ECB as firmly in pause mode, which will keep the Euro solid.

So what next, what should you do?

If you are looking to make a transfer, the main thing is to take advantage of the opportunities and trends that arise.

Please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click on the link below.

Quote 'World Property Network' for the best rate.

www.keycurrency.co.uk

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 1st November 2023 at 13:00

£1.00 GBP = 1.1502 EUR

£1.00 GBP = 1.2116 USD

£1.00 GBP = 1.9046 AUD

£1.00 GBP = 2.0788 NZD

£1.00 GBP = 1.6810 CAD

Save Money on your Foreign Currency Transfers

Need to Send Money Abroad?

At World Property Network, 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 World Property Network client, 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 you competitive rates.

All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

World Property Network are there to help you find the best selection of French property for sale and Key Currency are there to save you time, money and hassle; making sure your money is in the right place, at the right time and keeping you informed along the way.

The best service is one that comes highly recommended, that is why you should use the services of Key Currency.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Alternatively, you can contact Key Currency over the phone or visit their website.

0044 (0) 1872 487 500

Quote 'World Property Network' for the best rate

www.keycurrency.co.uk

UK Office: St. Piran House, Truro Technology Park, Truro TR1 2XN

For your dream home and everything that goes with it visit www.world-property-network.com

The one Megatrend in Currency Markets

Right now there is one 'Megatrend' in currency markets…

The strength of the US Dollar.

The US Dollar has gained against the Euro for 11 weeks straight.

And against the Pound, the Dollar now sits near 7-month highs.

It’s more astonishing when you consider the US has had a lot of nasty news recently.

As always, it seems to come down to interest rates.

The US economy is proving resilient, allowing the US Federal Reserve to keep rates higher for longer.

The same can’t be said for the UK and Europe, where it’s economic eggshells.

If anything, investors are pondering whether rate cuts may be on the medium-term horizon.

It’s a balancing act for central banks – how to kill inflation without killing the economy. Ideas anyone?

So what next, what should you do?

If you are looking to make a transfer, the main thing is to take advantage of the opportunities and trends that arise.

Please get in touch so we can help you achieve the best result.

You can speak to a member of our team on 01872 487 500.

To find out our latest rates, click on the link below.

Quote 'World Property Network' for the best rate.

www.keycurrency.co.uk

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Current rates: 

Wednesday 4th October 2023 at 11:00

£1.00 GBP = 1.1552 EURO

£1.00 GBP = 1.2132 USD

£1.00 GBP = 1.9172 AUD

£1.00 GBP = 2.0547 NZD

£1.00 GBP = 1.6614 CAD

Save Money on your Foreign Currency Transfers

Need to Send Money Abroad?

At World Property Network, 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 World Property Network client, 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 you competitive rates.

All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

World Property Network are there to help you find the best selection of French property for sale and Key Currency are there to save you time, money and hassle; making sure your money is in the right place, at the right time and keeping you informed along the way.

The best service is one that comes highly recommended, that is why you should use the services of Key Currency.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Alternatively, you can contact Key Currency over the phone or visit their website.

0044 (0) 1872 487 500

Quote 'World Property Network' for the best rate

www.keycurrency.co.uk

UK Office: St. Piran House, Truro Technology Park, Truro TR1 2XN

For your dream home and everything that goes with it visit www.world-property-network.com

Pound up, but beware the R-word

The Pound has started the week with a boost.

It’s up against both the Euro and US Dollar.

However, economists are predicting a UK recession - potentially lasting until 2024.

That’s an ominous prediction.

If the UK economy is in fact shrinking, the Pound strength we’ve seen could be short-lived.

Buyers of Euros or Dollars should keep this in mind.

All important GDP data is out on Friday.

This will tell us a lot more about the health of the UK economy.

So what next, what should you do?

If you’re looking to make a currency transfer, you could save money by discussing timing and rates with your Account Manager.

Click below to get an exchange rate quote or call 01872 487 500.

Quote 'World Property Network' for the best rate

www.keycurrency.co.uk

Current rates: 

Tuesday 8th November 2022 at 10:00

£1.00 GBP = 1.1490 EURO

£1.00 GBP = 1.1493 USD

£1.00 GBP = 1.7739 AUD

£1.00 GBP = 1.9363 NZD

£1.00 GBP = 1.5513 CAD

Save Money on your Foreign Currency Transfers

Need to Send Money Abroad?

At World Property Network, 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 World Property Network client, 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 you competitive rates.

All client funds are held in segregated accounts with top-tier banks keeping your money safe and secure.

World Property Network are there to help you find the best selection of French property for sale and Key Currency are there to save you time, money and hassle; making sure your money is in the right place, at the right time and keeping you informed along the way.

The best service is one that comes highly recommended, that is why you should use the services of Key Currency.

Benefits of using Key Currency:

1. Great exchange rates
2. Quick and easy transfers
3. No transfer fees
4. Expert help and guidance
5. Authorised by the FCA

Alternatively, you can contact Key Currency over the phone or visit their website.

0044 (0) 1872 487 500

Quote 'World Property Network' for the best rate

www.keycurrency.co.uk

UK Office: St. Piran House, Truro Technology Park, Truro TR1 2XN

For your dream home and everything that goes with it visit www.world-property-network.com

We have (yet another) new Prime Minister

The hope is it brings some stability to the UK.

In reaction to the news, the Pound actually fell against the Euro and US Dollar.

As they say in the markets “The good news was already in the price”.

The positive reaction to the policy U-turn and change of PM happened last week.

Now it’s back to the job at hand: inflation.

All eyes remain on central banks as interest rates keep going up around the world.

Given how fragile the economic situation is, we expect currency markets to remain volatile.

Of course, that will present risks and opportunities.

So what next, what should you do?

If you have a currency transfer in mind, discussing it with your Account Manager could save you stress and money.

Click below to get an exchange rate quote or call 01872 487 500.

Get a free quote here

Kind regards, 
David Evans 
Co-Founder of Cle France.