Using today's live exchange rate £100 000 will deliver:
Provider Fee EUR AUD USD CAD NZD Transfer Time
RationalFX 0 111358 173111 131966 1834390 191869 Next Day
Lloyds Bank 17 109406 170077 129653 1802246 188507 3-8 Days
FX at Stake 17 $ $ $ $

UK Political Uncertainty Hits the Pound: Protect Against Further Downside

An unexpected outcome in the UK General Election has seen the Pound fall sharply against a host of major currencies.

Pound Sterling Live's ongoing coverage suggests the currency will remain susceptible to further losses. BUT - should the prospect of a softer Brexit emerge it could go higher.

Volatility is likely which is problematic for those with large-scale international payments looming.

Our partners at RationalFX aim to mitigate this risk.

Get in touch with a RationalFX foreign exchange market trader who will assit you in planning for the upcoming uncertainty.

They can offer guidance on how to:

1) Secure today's rates to protect yourself

2) Catch a beneficial move in the market, automatically

3) Set a limit to which you are not willing to go below.

Get a Free No-Obligation Quote:


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Secure Today’s Exchange Rate for Future Use

Futures contract

Those with future euro requirements should consider locking-in the current strong GBP-EUR exchange rate.

The pound is at its strongest levels since 2007 but as we note here, could be due a correction in coming weeks.

RationalFX offer their clients something known as a Forward Contract.

Here you lock in an exchange rate that will be utilised at a later date when you finally execute your transfer or payment.

This automatically takes away uncertainty from the equation, allowing you to budget accordingly.

A forward contract can be entered to up to 2 years in advance, a 10 pct deposit is required, the remainder is due when your contract matures.

Please use the SSL secured form to your right to get in touch with a dealer.

Ask Your Currency Payment Question

Send your foreign exchange question direct to an international payments currency specialist at RationalFX Premier.

Ask a questionPerhaps more important than getting the best exchange rate is the need to get your timing right on cross-border payment transactions.

The team at RationalFX Premier are more than happy to give you their views on the currency markets and suggest how you should position yourself for that all-important payment.

Please note this service is not open to speculative forex traders but to those who have real-money decisions to make.

Enquire about hedging your risks by locking in today's rate for future use, or setting a limit to the level you do not wish to see the rate fall.

Take control today.

 

Recently Asked Questions Dealt With by the Team:

Ihtesham
I need to make an international payment to a university in Poland in Euro (11,000) can you help and how much total it will cost?

Ade
I have a house deposit in sterling for a property in euros which I wish I'd changed last week. How long do you think this rally will last i need around 10000 in next few days and 70000 in the next few months, what do you suggest?

Lynda M.
Should I convert British Pounds to US Dollars now or wait a few weeks? What is the projection for the mid June time frame?

Jojo
Is it a good time to move sterling to Canadian bank account?

ZB
I have a house deposit in sterling for a property in euros which I wish I'd changed last week. How long do you think this rally will last (I have a couple of months maximum before I must change it). Thanks

Tim Phillips
I am holding out for 2.2 and have a year to wait, so no rush and should capture the BoE increase/s this end, plus a bit more from the RBA on the fundamentals side.. China continues to support the theory also I feel..

I see this as "achievable", but don't see anything much higher realistically going forward.. The lofty nights of over 2.3 are perhaps gone now.

Is this a view shared?

Exchange Rate Risk Management - Beat the Markets

Be smart, don't leave FX purchases and sales to chance. Work with a dedicated FX broker who can offer advice on how to best protect your money while taking full advantage when exchange rates move in your favour.

Read more: Exchange Rate Risk Management - Beat the Markets

Why Choose RationalFX

why choose rationalfxRationalFX have access to almost 50 different currencies and can transfer funds to and from over 150 countries around the world.

Regulated by the UK's Financial Conduct Authority and HM Revenues and Customs they offer a cost saving and efficient alternative to your bank, they can offer:

  1. Consistently better exchange rates than the banks
  2. Transfer of funds within 24 hours
  3. No transfer fees or commission
  4. The ability to speak to a personal account manager with expertise in FX.

Get a no obligation quote today.

Get a Free No-Obligation Quote:


NO Fees | Segregated Accounts | FCA Regulated.

* Please fill all fields


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The identity of this website has been verified by GlobalSign, any data you send is encrypted and authenticated using AES_128_GCM and uses ECDHE_RSA as the key exchange mechanism.

Ask a Question

Foreign exchange question

International Payments: Best Practice

  • Understand the consequences of currency fluctuations.
  • Set your budget rate.
  • Ask your trader to monitor the rates during invoice periods to try and help you buy currency when the rates are favourable.
  • Be aware of the products and services available to you and implement the best-fit strategy.
  • Guard against unfavourable rates and additional charges.

Security and Protection

RationalFX is:

  • Authorised by the Financial Conduct Authority (FCA), FRN No: 507958 for the provision of payment services.
  • As such all clients' funds held separate from RationalFX funds in a segregated client account at Barclays Bank. 
  • Registered as a Money Service Business (MSB) with HM Revenue & Customs, MSB No. 12206957
  • Trusted - To date £1.25Bn (€1.5Bn, $2Bn) worth of currency transferred.

Trust pilot reviews

quote markI was pleased with the rate I was given, I will be moving some more funds in the near future and will certainly be using RationalFX again. Your after service and the way you kept me informed every step of the way is second to none. Most people only send emails to complain about things never about the great service they have received. Thanks."

Sent by private client Ian to RationalFX client manager Louisa Ballard, December 2012.

quote markOur strength lies in the vast knowledge and expertise of our foreign exchange dealers, who look forward to discussing your currency requirements and formulating the best FX strategy to help you avoid fluctuations in the FX market.

- Paresh Davdra, Sales Director at RationalFX.