Free Download: Your Guide to Saving Money on Post-Brexit Currency Transfers
Posted by Laura Parsons on August 11th, 2016.
While the vote to Brexit has pushed the Pound to multi-year lows, it’s still possible to save money on international currency transfers.
Download our guide for an overview of the impact of the decision on GBP exchange rates and some top tips for managing currency transfers to and from the UK as the repercussions of the vote develop.
Contents:
- What Impact did the Brexit Vote Have on GBP Exchange Rates?
- How will your Currency Transfers be Affected by Brexit?
- What can you do to Secure a Better Exchange Rate?
- How can you Protect your Transfer from Currency Fluctuations?
- Is now the Right Time to Move Money Back to the UK?
- Concluding Top Tips
- Who are TorFX?
Here’s a sneak peak…
What Impact did the Brexit Vote Have on GBP Exchange Rates?
The UK’s EU Referendum sent the currency market reeling, but how has the Pound held up under the pressure?
The UK’s historic and unexpected decision to Brexit from the European Union (EU) on June 23rd had an immediate and dramatic impact on financial markets, with recession fears and political instability triggering significant shifts in assets like stocks, commodities and currencies.
While the Pound had drifted lower across the board in the months preceding the vote, the expectation of a ‘Remain’ result had seen it stage a recovery in the final week of campaigning.
Subsequently, the actual outcome sparked a marked GBP downturn, with the currency dropping to multi-year lows against the US Dollar, Euro, Australian Dollar, New Zealand Dollar and Canadian Dollar.
Economists had projected that a ‘Leave’ result could see the Pound shed as much as 20%, and while the initial losses weren’t quite this severe, GBP’s downtrend persisted as the UK came to terms with the decision.
While Sterling did recover some ground as the UK’s political situation stabilised, some industry experts have indicated that the long-term ramifications of a UK detached from the EU could see the Pound fall to fresh lows…
Download our free guide for more!
TorFX Post-Brexit Currency Transfers Guide
Download our guide for an overview of the impact of the decision on GBP exchange rates and some top tips for managing currency transfers to and from the UK as the repercussions of the vote develop.
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