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:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- 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
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.
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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:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- 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
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