What will the UK General Election mean for your international money transfers?

Please note HiFX and XE have joined forces.

Intasure has partnered with HiFX, one of the leading UK foreign exchange specialists, who have provided some commentary around what the general election could mean for your international money transfers.

The last year was full of surprises for the currency markets; from the EU Referendum, the election of Donald Trump and to this week’s unexpected UK General Election. Markets generally don’t like uncertainty so these events have caused some fluctuations for the value of the Pound.

If you’re making international money transfers to or from the UK, this can make a big difference to the amount received. You may find that the weaker Pound has increased the amount you pay for running costs on your overseas holiday home, or if you transfer your UK pension to an overseas bank account, you might receive less than you did this time last year.

It is not clear what impact the upcoming General Election will have on the Pound, but whatever happens next, there are options available that could help to give you peace of mind during periods of uncertainty.

Benefits of using HIFX for your international money transfers:

  • Bank-beating exchange rates and absolutely no transfer fees.
  • Quick, easy and secure transfers online and over the phone.
  • Make money transfers and manage your account online 24 hours a day, seven days a week.
  • Secure an exchange rate for up to two years with forward contracts (for one-off transfers of over £10,000) or regular monthly agreements (such as mortgages or pensions), so you don’t have to worry about currency fluctuations.
  • Currency tools and personalised rate alerts to help you spot the best exchange rates.

Whatever your requirements, HiFX can help you to transfer your money quickly, easily and securely and they’re dedicated to providing excellent value for money and complete peace of mind.

For more information or to create your free account, visit the HiFX website.

HiFX Europe Limited is working in Partnership with Intasure. HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration 462444, for the provision of payment services. The details expressed in these documents are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. HIFX Europe Limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. HiFX Europe Limited is a limited company registered in England and Wales. Registered number: 3517451. Registered office: Maxis 1, Western Road, Bracknell, Berkshire, RG12 1RT

Correct at May 26, 2017