Buying Sterling? Book a Forward!July 13, 2016 6:00 am
Although it has gained strength in the last few days after confirmation that Theresa May is set to become the UK’s new Prime Minister; the value is still lower than prior to the referendum. This is great news if you are buying Sterling!
Do you need to buy Sterling in the next 12 months?
If so, you can benefit by booking a Forward to secure today’s exchange rate. This means if the Pound strengthens at any point over the next year, you won’t have to pay any more for your currency because your rate has already been locked in.
Secure today’s rate to use as little or as much as you want over the year!
How to Book a Forward
Simply login to your account and select ‘Tools’ then ‘Forwards’.
Once you have told us the amount of currency you would like to exchange you can secure the rate and we will email you confirmation of your booking. We require a 10% refundable deposit in either currency you are exchanging which is payable to you at the end of the Forward.
If you would like any assistance making a booking, you can get in touch with our UK-based Support Team on [email protected] or +44(0) 203 603 8940.
Tags: buy gbp, buy sterling, forward contract, secure gbp rate
Categorised in: News
This post was written by Kayleigh Driscoll