Throughout the last 4 months GBPEUR mid market exchange rates have fluctuated between 1.10 and 1.20. A €200,000 purchase at the top end of the market compared to the lows would have saved you £15,000. With central levels towards the top end of the market, if you are buying euros within the next 12 weeks I would recommend trading sooner rather than later. Below are my reasons why.
If you rewind to the end of October 2016, the UK were under the impression they were leaving the EU and single market. At this point GBPEUR exchange rates were at their lowest point. With a few stumbling blocks in UK Prime Minister Theresa May’s way (high court and supreme court rulings) GBPEUR exchange rates started to rise as an exit from the single market looked unlikely.
However 4 months on, Theresa May has provided a white paper and this has been approved by MPs within the house of commons therefore it appears after all that the UK will leave the single market. Once this is confirmed I expect exchange rates will start to fall to levels we become accustom to in October. At the moment we are waiting for the house of lords to approval Theresa May’s Brexit plan.
The currency company I work for enables me to be able to buy euros at levels the client wont be able to with their own bank. If you are purchasing euros and want to save money today is the day to get in touch. In addition if your sterling is not available to you at the moment, you can secure exchange rates now and pay later. This is known as a forward contract. For more information feel free to email me on email@example.com.
If I haven’t covered your currency pair feel free to email me the currency pair you are trading (GBPUSD, GBPAUD, GBPCHF etc) the reason for your trade (company invoice, buying a property) and I will email you with my forecast for the currency pair.
For the reference of the reader my area of expertise is property purchases and sales. Therefore if you need to purchase a foreign currency or you are about to complete on a sale abroad, today is the day to get in touch to discuss your options and to get an understanding of how we can save you as much money as possible firstname.lastname@example.org.
** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you minutes and in the past I have saved clients thousands! **