Euro weakens, Pound strengthens

Reaching a 6 month high, ACT Now....

Is this a good time to buy euros with pounds?

With the interbank rate hovering around 1.15 EUR : GBP, this could be a great time to buy euros. The exchange rate was just 1.02 a few weeks ago. However, the age-old problem exists for many of our clients. If there´s no particular need to make the exchange today, most people would hold-off, believing that we may go higher yet. Maybe the exchange rate will go higher than 1.17 peak just a few months ago?

However, lessons from that peak at 1.17 may be very valuable. The rate dropped rapidly to 1.13 / 1.14 and those clients missed the opportunity. If I relate this to £10,000. When the rate dropped from 1.17 to 1.13, this represents a loss of 400 euros.

Relate that 3 cent drop to £100,000 and the loss then becomes 4,000 euros! How can you avoid losing out when an exchange rate drops? This depends on when you need the money. I am here to help, but I can´t predict the rate changes. Here are some suggestions:
SPOT DEAL. Buy your Euros now while the rates are relatively good. The rate will be better than the bank. Also, we don´t charge transfer fees, or commission.
FORWARD CONTRACT. If you don´t need the money straight away, but you would like to secure this great exchange rate opportunity, I can buy the money for you now, for delivery at an agreed date. I buy this on my clients´ behalf with just a 10% deposit. This is a very flexible arrangement as I buy the currency in a particular way that secures the exchange rate. If the exchange rate drops again to 1.10 from 1.15, then you will have saved 5,000 euros on a £100,000 deal, with just £10,000 deposit.

If you´d like to discuss how I may be able to help you, please call or email us. So we can make you some money for a change.

Totally free with no obligation.

Ireland Number is 766026211

If you´re in Spain, please call me on +34 950 617 611

Email info@positivapropertygroup.com