With the Scottish referendum dominating the currency market the volatility is set to continue as we head towards the vote on the 18th September. For me I still believe the vote is likely to be a ‘no’ however with the vote set to be incredibly close is it worth removing the uncertainty? For anyone buying Euros I would certainly suggest yes. With the year trade averages sitting around the 1.20 mark, 1.25 should still be viewed as a good buy opportunity. Should the vote be a ‘yes’ I would expect the pound to tumble, for this reason it is certainly advisable to assess your current position.
Through using a specialist broker such as ourselves we can give you access to multiple currency accounts. A very popular contract currently is a the use of a forward contract. This contract allows clients to remove market uncertainty and fix a position even if your funds are not fully available. Should you wish to get more information on this contract then please contact the office on 01494 787478 or email Mike [email protected]