BPS 2017 € or £ - "Brexit Britain" or could it be the downfall of Europe

[Karl.fawcett @ Moneycorp]

Someone moved this thread ?

I was informed it was in the wrong place so it was moved :s

 

[Karl.fawcett @ Moneycorp]

Do you think the £ has bottomed out ? I don't.

They are asking how they can convince us to give them some of our BPS money !!!!
Profit they made in 2015 is about 0.05% of turnover so not great , therefore looking for new ways to make money i guess..

Hi Fuzzy,

Just wanted to add in regards to our T/O vs Profit, what you have actually highlighted is the fact across our whole client base our profit is just 0.05% of our £23billion of flow - We generate profit with our margin between Interbank pricing which we receive from a rate from our 10 banks and the client, the fact you have said profit is only 0.05% of T/o just promotes the service we offer, offering the best rate to the client. Any saving we make when shopping around the 10 banks for a rate, we pass onto the client.

Moneycorp has been specialising in FX for 40 years now as the Uk's Largest with a credit rating of 5A1 which is the best in the industry. This week i have had 6 farmers call myself purely down to calling Natwest whom they bank with who turned away the BPS business and advised them to get in touch with Moneycorp due to how manage this process year on year.

As mentioned myself and Elliot will be on our stand 724 at LAMMA - happy to continue any conversations.

Best,

Karl
0203 823 0368
[email protected]

 

[Karl.fawcett @ Moneycorp]

From now it could be 10 % either way by next October when she 2017 set

U.K. Has as much Debt as the weakest Europe countries a stronger£ would kill the economy before 2020

Hi Yellowbelly,

Completely agree that Sterling could be 10% either side, as i have said before i think GBP weakness leading into the triggering of article 50, however focus will turn to the Eurozone due to the point i stated in the initial post... This is not about timing the market perfectly otherwise we would all be millionaires and none of us would have to work - this is hedging at a price that make sense for your own business, i am just happy to offer the service we do, i know I regularly beat the high street banks on price and service on a hourly basis, offering the ability to hedge a BPS without leaving any collateral with MC is a service everyone has appreciated.

European Debt: Current GBPEUR spot 1.1370

UK: £1,805,647,200,000 (€2,053,020,866,000)
Germany: €2,277,805,780,000
France: €2,181,452,590,000
Spain: €1,505,540,280,430

 

[elliottleonard]

Following Theresa May's positive outlook comments regarding the UK and our Brexit process sterling has gone on the longest rally against the EUR and USD since the 2008 financial crisis.

Food for thought. The boot is now on the other foot as attention is turned towards ECB's Mario Draghi and his comments regarding their Overnight deposit rate announcement as well as their plans for their assett purchasing program.