Your monthly partner newsletter
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Read your post-Iran currency predictions
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Our researchers and writers had their work cut out with the new Quarterly Forecast, as we all got used to a financial world with an oil crisis.
Without pre-empting what’s in the report, which you can download here, let’s just say that our article below that focuses on how to protect your clients from a severe fall in GBP/EUR is not coincidental.
For now the pound is looking strong-ish, just as the spring property buying rush is in full swing. This is also the time when people tend to retire, and we can certainly help ensure that pensions and investments travel with your clients safely and cost-effectively.
Our spring referral campaign was won by a very personable estate agent in Spain. Learn the secrets of her highly lucrative referrals below.
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To help you more effectively explain currency, read top-level updates on what’s happening with popular exchange rates.
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GBP: Pound boosted as dollar eases back
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Since the start of the month sterling has been modestly firmer against the euro and more obviously stronger against the dollar. The Bank of England held its interest rate at 3.75% in March, and the next decision is due on 30 April. The IMF knocked 0.5% off its growth projection for the UK economy in 2026 and believes unemployment will peak as the gas-dependent economy bears the brunt of the energy price rise. On top of all this, the UK is just three weeks from a local election that could precipitate a political crisis. However, the Middle East crisis remains the principle factor in the fate of sterling right now.
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EUR: Euro weakened by Lagarde optimism
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The euro has been pulled back this week after ECB president Christine Lagarde suggested that interest rate rises may not after all be necessary. Although higher inflation leading to higher interest rates is generally negative all round, it can nevertheless strengthen a currency. On that inflation question, final results for March are showing rises in inflation from early estimates. Spain hit 3.4%, France 2% and Germany 2.8%. Mind you, that is still well below the 4.8% rise that retired Brits gained in their pension this month.
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USD: Safe-haven demand fades
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The dollar’s month has been dominated by headlines rather than spreadsheets. When the Iran story intensified, the greenback benefited from risk aversion. As ceasefire news hit and oil prices slid, that support eased and the dollar gave back ground. Policy still matters in the background. The Fed kept its target range unchanged in March, and the next scheduled decision is later this month. If energy stays calmer, markets will pay more attention to inflation and jobs again. If the geopolitics flare up, the dollar can regain its footing quickly.
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HUF: Following Victor Orban’s defeat, the forint gained around 3% on other currencies including the pound and euro. That’s now a 14% gain for HUF against GBP in the past year and 12% against the euro.
CHF: As the ski season comes to an end the CHF/EUR graph is a reminder of gorgeous downhill ski runs, having dropped by some 2-3% in the past month and half that against GBP. Its safe-haven strength has ebbed as the world has become more optimistic about an early end to war in Iran.
CAD: If you can find some late snow in Canada you’re getting close to 3% more ‘loonies’ (as the Canadian dollar is nicknamed) for your pounds than last month. Speaking on lunar matters, the US-Canadian Artemis II crew was a welcome return to fraternity, and CAD has gained a percentage or two on USD.
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Useful articles for you and your clients
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Useful articles for you and your clients to expats - As home buyers and retirees move this spring and summer, the stability of GBP-EUR could be ending. What can they do? Read more here.
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Why successful referrals are a question of trust - From stage lights to Spanish sun – what Bambi Dhami teaches us about trust, referrals and winning nervous buyers. Read more here.
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Why successful referrals are a question of trust
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“It’s the ease of doing it rather than going to the bank. They can speak to someone… it puts people’s minds at rest.”
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From stage lights to Spanish sun – what Bambi Dhami and her business partner Jojo teach us about trust, referrals and winning nervous buyers.
In overseas property, the product isn’t just a home and a new life in the sun – it’s reassurance.
For many property buyers in Spain, this is a life decision wrapped in uncertainty. Moving their life savings across borders, navigating unfamiliar systems, probably for the first time and, increasingly, doing it alone.
That’s why the story of Bambi stands out and why she has won our springtime referral bonus for sending the most clients to Smart Currency over Easter. It’s also testament to what a really good working relationship with a business development manager at Smart Currency, in this case Cookie Bhoday, means for both businesses and our clients.
She and her business partner won €850 in vouchers, plus all the commission coming her way from those referrals too...read more here!
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20+ years Experience as currency experts
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Authorised by the FCA Secure transfers
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Over £12 billion Transferred
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*Percentages and exchange rates correct at time of publishing
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