Historic Voting Starts!
Today is the historic day when the people of UK decide whether to remain part of the European Union.
A study run by Natcen Social Research, which calculates the average figure of the last 6 polls says that 51% are in favour of remaining in the EU, whereas 49% are in favour of leaving. With there also being a large number of people still undecided, the outcome is very much far from certain.
As a result of this currency markets are expected to be extremely volatile over the next 48 hours. If you have any requirement for a currency exchange we could be looking at big swings in the rates.
To protect yourself against any currency moves it important to speak to Ben Amrany from FC Exchange follow this link or phone and ask for him and quote "Cle France" on 020 7989 0000.
Thursday 23rd June at 16:45 - £1.00 GBP = 1.3014 EUR
With the EU referendum fast approaching, the impact of 'Leave' or indeed 'Remain' in the EU has been much debated, including its impact on exchange rates, so we have developed a "Brexit Currency Calculator" that looks at the potential outcomes for the pound against some of the major currencies.
Try the Brexit Currency Calculator here.
The familiar George Soros also warned yesterday that British jobs and finances would be at risk if the country left the EU. He said that the pound would ‘decline precipitously’ in the event of a Brexit by around 15% and possibly more than 20% against the dollar. Going on the performance of the pound yesterday, this is not hard to believe.
One thing is certain, we can expect significant volatility before the referendum and after as the market struggles to price in this unique event.
Extended trading hours between 20–27 June 2016
Trading hours
Monday 20th June – 7.30am – 7pm
Tuesday 21st June – 7.30am – 7pm
Wednesday 22nd June – 6:00am – 10:00pm
Thursday 23rd June – 24-hour service (6:00am through to Friday 10:00pm)
Friday 24th June – Close at 10pm
Saturday 25th June – Closed
Sunday 26th June – Closed
Monday 27th June – 6:00am – 10:00pm
Do you want more information ?
So if you need to buy or sell sterling and would like to be kept up to date with all the latest data releases and exchange rate movements then feel free to contact myself Ben Amrany. If you are buying or selling a house in France we will make sure your monies are in the right place at the right time, we work hand in hand with you and Cle France.
For more information on the currency service I can provide please feel free to contact myself...
Ben Amrany from FC Exchange follow this link or phone and ask for myself and quote "Cle France" on 020 7989 0000.
You may contact me directly using this form (click here) with your requirement and I will explain the options that are available to you in getting the best exchange rate.
Blog submitted by: Ben Amrany for The French Property Network - Cle France.
For everything you need to know about French property visit www.clefrance.co.uk