The last fortnight has been a volatile time for the pound to say the least. In fact, Friday 24th June was sterling’s biggest ever one-day fall against the dollar (http://www.bbc.co.uk/news/business-36636853), dropping more than 10% from just over 1.50 to a low of 1.3218 after the UK voted to leave the European Union (since then it has dropped lower still). Whilst 2016 had been quite bumpy by most standards the graph below illustrates quite how extreme the move was in relation:
Given the increased volatility in the markets following the Referendum result, moneycorp can offer a range of products and services to assist you in managing your international payments and foreign exchange needs.
Please contact us for more information.
Smailes Goldie Group
We are a leading firm of chartered accountants, tax advisors and business advisors offering a full range of financial advice for you, your family and your business. Our clients range from SMEs and large corporations to Owner Managed and Family Businesses, Professional Partnerships, Sole Traders, New Businesses, Charities and the Not for Profit sector.