Sterling improves against the Swiss Franc after positive comments by Theresa May (Tom Holian)

Sterling has seen huge gains vs the Swiss Franc during today’s trading session as Prime Minister Theresa May spoke out in an attempt to reassure the UK economy.

It was one of the most positive speeches since her she took her position and she suggested that the UK would be open to a deal which could see the UK take more time to organise a different relationship with the European Union.

As yet Theresa May is convinced that Article 50 will be triggered by March 2017 and with the Supreme Court due to meet in early December we are sill in a very uncertain period politically.

However, this afternoon’s announcements by May were rather positive and this has helped Sterling to make gains against all major currencies.

If you’re unsure about what may happen in the run up to the end of the year and would like to guarantee your exchange rate then it may be worth looking at buying a forward contract which allows you to fix an exchange rate for a future date for a small deposit.

Having worked in the foreign exchange industry since 2003 I am confident not only of being able to offer you better exchange rates than using your own bank but also to help you with the timings of your transfer.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly and I look forward to hearing from you.

Tom Holian [email protected]