When Parliament votes on the Brexit deal on the 11th December, its decision will cause instant reaction across the currency markets. Whether tha reaction is good bad or ugly will depend on your position, but whichever way it goes it should be the stabilising finish to the Brexit process.
With markets sitting on uncertainty it means many investors are making huge bets about what way currencies will go. Whilst these choppy waters continue, it will be a rather turbulent time for anyone buying or selling currency. The trick to buying and selling at the right time is….there is no trick. You have to try to foresee events and reach a general conclusion about what way the wind is blowing rather than analyse every tiny detail of world events.
It is very rare that markets will shift so significantly to cause you massive gains or losses in the short term and so you should continue to buy and sell when it is necessary for you. You can be a little up or a little down, but usually it will remain roughly level within a 24 hour period.
The key is to watch for those events on the horizon that history tells you will make an impact. The Brexit debate on the 11th is one of those events.
So on the 11th keep your eyes and ears on the event itself, don’t wait and see what’s happened on the 10 o’clock news that night because by then it’ll be too late.
Here at CurrencyOnlineGroup, we strive to provide the best service in all Forex related needs. Of course, our Home Delivery and Buy Back by Post services provide our customers with all the foreign cash they need, whilst getting the best rates in the country.
However, we understand that cash is not always the best option, and is not always viable. If someone is transferring money between an account in one country to another, then an International Payment is the best cause of action.
In the past, people have gone directly through their banks to make their overseas International Payments and as this blog has mentioned before, the banks will often take any opportunity they can to get as much money out of you as possible. The fees are notoriously horrendous, and the rates provided aren’t much better.
Nowadays there are much better options out there, with specialist companies providing a great service, as well as great rates. Here at CurrencyOnlineGroup we have recognised that many of our customers are making these International Payments, so we want to make sure they are getting the best service possible, and in turn saving themselves a lot of money! We can make sure you can make these payments from a host of countries and accounts around the globe, with zero fees attached and unbeatable rates too. Just like our other Forex services.
Get in touch with us to find out more, and make sure you save yourself as much money as possible.