With just hours to go before Britain votes on whether to remain in the EU and opinion polls suggesting the referendum will be close, the Pound is likely to experience significant volatility, whatever the outcome.
Whilst at least two international money transfer providers have, in effect, shut their doors to new transfers until the results are known, as we are one of the largest non-bank providers and part of Nasdaq listed Euronet Worldwide Inc. (EEFT), we’ll be open for business throughout the referendum 24 hours a day*.
Brexit Referendum – Your Options
If the UK votes to ‘Leave’ the EU on Thursday, the Pound will most likely fall sharply in the short term, with many warning an ‘out’ result could trigger a 15 to 20 per cent fall in the value of the Pound. However, the general consensus is that the Pound will jump on a vote to ‘Remain’.
As the big day approaches, with the polls neck and neck, here are some things to consider if you need to make international payments:
Need to make a transfer?
To take advantage of the bank beating exchange rates we offer, simply log into your account and see how much you could save by getting a live quote. We’ll be open 24 hours a day online throughout the referendum period.
Alternatively, consider locking into current rates using either a forward contract or by using our regular payments service, both of which enable you to fix exchange rates for up to 2 years into the future for one-off or regular international payments. Call our friendly team of experts on 01753 859 159 to discuss your options.
If you don’t have an account with us yet, it only takes a few minutes to sign up.
Not ready to make your first transfer just yet?
Let us be your eyes and ears in the market for you. Monitor your currencies with our easy to use customisable charts and tools. Or login to get live quotes and set personalised rate alerts – then sit back as we scan the markets on your behalf 24 hours a day.
*Subject to the markets being open.
The details expressed in this transmission and accompanying documents are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. HiFX Europe Limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration 462444, for the provision of payment services. HiFX Europe Limited is a registered MSB with HM Revenue & Customs – Reg No: 12131222. HiFX is a limited company registered in England and Wales. Registered number:3517451. Registered office: Maxis 1, Western Road, Bracknell, Berkshire, RG12 1RT