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:
- Great exchange rates
- Quick and easy transfers
- No transfer fees
- Expert help and guidance
- 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
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:
- 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
For your dream home and everything that goes with it visit www.world-property-network.com
