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Mar 14

Currency Market Update - 14.03.2024

The Pound has regained momentum in March

Pound Hits 7-month High vs Dollar.

The Pound has seen positive gains this week vs major currencies, possibly reacting to last week’s UK budget news.

The biggest rise for the Pound has been against the US Dollar.

The GBP/USD rate is at a near 7-month high, certainly the highest we’ve seen so far in 2024.

A little momentum has been lost for the Pound in the last 48 hours, though.

It’s a similar story against the Euro, the Pound saw quite a steep spike around March 8th, and it was close to reaching the 16-month highs we saw for GBP/EUR in February.

The GBP/EUR rate has since retreated to where it was before the budget.

Underwhelming news around UK employment a couple of days ago could be a factor here.

It’s been much quieter for the Pound elsewhere, with only slight gains vs the CAD and NZD.

GBP/AUD has seen a choppy trend over the last couple of weeks, more in favour of the Aussie.

That’s all for this week, hope to speak with you soon.

So what next, what should you do?

If you want to continue to discuss the latest trends and currency news, our team is only a call away on 01872 487 500.

To see our latest competitive exchange rates, click below.

Quote 'World Property Network' for the best rate

www.keycurrency.co.uk

Current rates: 

Thursday 14th March 2024 at 10:00

£1.00 GBP = 1.1720 EURO

£1.00 GBP = 1.1815 USD

£1.00 GBP = 1.9350 AUD

£1.00 GBP = 2.0780 NZD

£1.00 GBP = 1.7260 CAD

Save Money on your Foreign Currency Transfers

Key Currency Logo

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

Key Currency Award

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

Views: 1490
Mar 7

Currency Market Update - 7th March 2024

The Pound has regained momentum in March.

GBP/USD Hits 30-Day High as UK Budget Loomed into Reality

After quite a choppy and downward end to February, the Pound has regained momentum in March.

Since February 29th, the Pound vs Dollar trajectory has continually risen.

The GBP/USD rate has seen a +0.54% gain over the past 5 days and is at the highest it’s been over the last 30 days.

Against the Euro, the Pound has had a bit more of a contest with only a +0.18% gain over the last week.

Elsewhere, GBP/CAD has continued to see a significant upward trend.

So much so, that the Pound to Canadian Dollar rate was at its highest since August 2023.

The CAD has fought back a little over the last 24 hours.

These strong movements for the Pound may yet be tested further though, as the UK budget was announced by Jeremy Hunt yesterday.

Political events, such as budgets, can play a major part in the Pound's fortunes.

However, we don’t see anything too groundbreaking or disastrous in this one.

It’ll certainly be an interesting few days once the dust starts to settle and we will be sure to let you know how the Pound reacts in next week’s update!

So what next, what should you do?

If you want to continue to discuss the latest trends and currency news, our team is only a call away on 01872 487 500.

To see our latest competitive exchange rates, click below.

Click below for a free quote from Key Currency.

Current rates: 

Thursday 7th March 2024 at 09:50

£1.00 GBP = 1.1701 EURO

£1.00 GBP = 1.2745 USD

£1.00 GBP = 1.9325 AUD

£1.00 GBP = 2.0710 NZD

£1.00 GBP = 1.7220 CAD

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

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

Key Currency Award

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

Views: 1575
Nov 15

Currency Market Update - 15th November 2023

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

Key Currency Logo

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

Key Currency Award

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

Views: 2741
Nov 1

Currency Market Update - 1st November 2023

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

Key Currency Logo

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

Key Currency Award

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

Views: 2942
Oct 4

Currency Market Update - 4th October 2023

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

Key Currency Logo

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

Key Currency Award

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

Views: 3284