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Setting up a Rate Alert is basically telling us what exchange rate you’re interested in, and what you think is an acceptable deal. We then assign a member of our expert team to monitor the markets for you, who will notify you when the rate becomes available.
Banks simply don’t have the time to offer this service, which is why they’re less useful for big decisions (like moving abroad or buying overseas property). With a Rate Watch, you can set up as many searches as you like and leave the rest to us.
Most importantly, when your desired rate arrives, you’re under no obligation to actually trade. It’s just a great way to keep abreast of what’s happening in the currency market so you know when the best time is to start trading if you need to.
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Although we’re now only six days away from the long-awaited activation of Article 50, the pound is proving resilient and its best levels of the week could be yet to come.
With the UK’s latest inflation figures exceeding forecasts on Tuesday, the pound skipped higher against all its major currency rivals. As well as hitting a ten-day high against...
Although the pound began the week on a bit of a high, the currency experienced a prompt reversal of fortunes as the official date for the activation of Article 50 was announced.
The pound was able to rally yesterday as The Times published a report which detailed the need for the BoE to raise interest rates soon in order to counter the impact of rising inflation.
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