FTSE has further to climb in 2018, when buying sterling save through a currency exchange broker

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  • Sterling is seen as a good investment by institutions and investors alike

  • FTSE expected to climb into 2018

  • Save money when you send money abroad and use a currency exchange broker

Since early 2016, the value of the Canadian dollar to sterling has appreciated, meaning that you can get more GBP for your CAD. As the value of sterling has fallen, Canadians have been keen to cash in, investing in shares and buying property. Following the lead of the huge pension funds like Ontario Teachers Pension Plan (OTPP), Ontario Municipal Employees Retirement Scheme (OMERS) and the Caisse de depot et placement du Quebec who have invested in airports, railway investments and Camelot.

70 stocks of the FTSE 100 largest shares enjoyed positive performance in 2017, as their share price rose. Analysts expect the performance trends to continue apace into 2018, with performance of the FTSE variations from 7,600 to 8,000. When you are sending international transfers If you are selecting investments in sterling, what is the best way to save when you transfer money internationally?

Save thousands through money transfers with a currency exchange broker

If you have an appetite for risk, you may also be looking to take speculate against currency exchange rate fluctuations or to hedge against risk. Many of these currency exchange providers have forward contracts, options or even stop loss contracts, some which they offer through an associated currency risk management arm. Others offer less sophisticated vanilla options that allow you to lock in a rate with a 10% deposit. You can then transfer your funds at this agreed price at any time between two months, to two years. If you are transferring large sums of money internationally, a currency exchange broker can save you money on both the high fees charged by banks and the dire rates that are offered at exchange. Typically currency exchange specialists offer 0.5 - 1.5% over the interbank rate, there are even peer matching platforms where you may be able to beat the interbank rate.  Our comparison tool for sending money from Canada to UK contains details of the most cost-effective money transfer companies in US.

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