So far it has been pretty plain sailing for GBP/EUR with the rate jumping above 1.30 and remaining at that level. This movement has come from the markets pricing in a Remain win suggesting the decision is a full gone conclusion. I am surprised that the movement has been so major and I am unsure that the vote is a complete conclusion. The polls are still very close and tomorrow as the exit polls are slowly released throughout the day I would not be surprised to see major swings in the market.
My advice would be to anyone who is looking to complete a currency exchange to get in contact, my role as a currency broker means I can have access to the best rates. I am also able to monitor the market very vigorously and should there be any significant movements in your favour make sure you’re in a position to capitalise on the rate.
The rate is expected to swing significantly throughout the day so the challenge in the next few days is making sure you’re in a trading capacity.
If you’re looking to sell Euros this may be one of your final opportunities to reach low rates as if a Remain does win I believe the rate could find itself up around the 1.35’s by the end of the week.
If you would like any information with regards to a currency requirement you might have please send me an email at [email protected]. I would be more than happy to have a discussion with you about when to time your trade.