In the wake of the Brexit decision, many of our clients and colleagues have had a number of questions for us regarding our predictions for the currency market and predictions for the real estate market.
Many buyers and sellers may think this is not the time to buy or sell because of sterling’s problems and widespread economic uncertainty.
It remains to be seen whether the enforced pause will exchange rates becalmed. That could turn out to be the case but it’s hard to imagine investors regaining any real enthusiasm for the euro or the pound. It is easier to visualise a steady, if gentle, downward pressure on the pair between now and the moment Article 50 is activated. Sterling is at the greatest risk, especially after the Bank of England governor hinted on Thursday at the possibility of yet-lower interest rates and renewed quantitative easing.
Moneycorp can fix exchange rates for up to 2 years with a forward contract. Thereby, fixing your budget for property purchase in France and avoiding potential negative currency fluctuations. So, although the Sterling has taken a knock, which may or may not be temporary, it could be advantageous to talk with the currency experts for guidance and tailored currency services available.
Moneycorp is the longest established currency exchange specialist in the UK with over 35 years of experience. We recommend Moneycorp with their bank beating rates (up to 4% better than major banks) and proven currency expertise for our international clients. The dedicated dealers and currency market analyst provide a highly responsive and accurate service.
Contact Moneycorp if you would like to advice about locking in your foreign exchange rates to avoid future negative market fluctuations.
VINGT Paris recommends using Moneycorp for bank-beating exchange rates, currency market expertise and no hidden bank charges. Click through to our foreign exchange enquiry form or if you have any questions, please call +44 (0)20 3823 0380 and quote ‘Vingt Paris’ for preferential rates.
Moneycorp is the longest established currency exchange specialist in the UK with over 35 years of experience. Worldwide offices in London, France, Spain, US and many more.