Pound Rallies Against US Dollar & EuroJuly 12, 2016 2:24 pm
The Pound rallied today following the news that Theresa May is to become the United Kingdom’s next Prime Minister.
We were not expecting a new British PM for another two months, so Theresa May’s ‘virtual coronation’ has put confidence back into the Sterling and property stocks.
Managing your Risk – Place an Order
When faced with a volatile market, it is important to plan ahead for your currency needs to ensure you are getting the best exchange rate in the market.
Our Products and Tools will help you to manage your risk. If you are selling Pounds to buy Euros, Pounds to buy Dollars or another of our 31 different currencies; placing a Profit Order allows you to select your desired rate and FTT will monitor the market for you. If this rate becomes available at any time, we will make your booking and confirm via email.
In the same way, a Stop-Loss Order will help to protect your money in a falling market. Select the lowest rate you are will to exchange at and if the market falls to this point; FTT will secure your rate.
If you would like advice on which of our Products will meet your requirements, please get in touch with our UK-based Support Team on [email protected] or on +44(0)203 603 8940.Tags: eu referendum, gbp strengthens, gbp to eur, gbp to usd
Categorised in: News
This post was written by Kayleigh Driscoll