Buy Pound Sterling now before it becomes more expensive

It’s almost like the results of the Referendum have already come to light. Investors are piling into the Pound, the bookmakers have upped their odds again of a Remain and the polls yet again, put Remain in the lead.

As it stands, these factors in my opinion, scream BUY Sterling now!

It’s been said again and again that the Pound will soar in the event of a Remain, and this is likely to ring true based on the market movements, confidence in a Remain vote is good for Sterling.

Do you have Euros to sell for Sterling? Current exchange rates of 0.76 are still attractive given that a remain vote could push the currency pair into the lower 0.70’s, rates not seen since the end of last year. The same could be said for US Dollar sellers, levels of mid 0.60’s could be tested in the event of a Remain possibly lower, given the FED’s latest reports on slower US economic growth, pushing hopes of a FED hike back further. These levels again, have not been seen since prior to the new year.

UPDATE 12:30pm
This morning we have witnessed market movements of more than half a cent in favour of GBP, USDGBP has fallen 0.7 cents in the space of 4 hours whilst EURGBP fell half a cent between 10am and 10:30am. Confidence in a Remain is still gaining momentum so in the event you have a requirement for Sterling, email [email protected] sooner rather than later.