brexit

The Brexit Bill’s Passage

Theresa May is under severe pressure to invoke Article 50 by the end of March – her self-imposed deadline. This could be tricky, as once the bill has been through parliament, it is then passed to the House of Lords, and if the Lords propose amendments, back it goes to parliament to debate the Lords’ proposals.

Essentially, currency exchange traders are looking for signs that a “Hard Brexit” will be averted – but if neither MPs nor Lords can successfully add amendments to the bill, a Hard Brexit is exactly what May will deliver.

This would be bad news for the pound sterling, which would be likely to slump again just as it did on June 23rd, when the shock result of the referendum sent the pound into a downward spiral it is still struggling to recover from.

What does this mean for individuals trying to move money abroad? It means that those making overseas money transfers will have to be as vigilant as ever. The correlation between good news about a “softer” Brexit and a rise in the value of the pound is extremely pronounced, so it will be well worth regularly revisiting money transfer sites to check for advantageous fluctuations.

The best way to do this, of course, is to use a comparison site like The Money Cloud – the first ever overseas money transfer comparison site, and, in our view, still the best!

Comparison tool

Sending Currency
Buying Currency
Send USD Receive

Alex Larsen

I've been struggling to find a way to make regular transfers to my Norwegian account from the UK (where I work). Finally I've at least got some pointers for where to start, so I won't have to pay a fortune every time I transfer!

Xavier Pasquini

This is a good way to help people on choosing how to send their money online!!!
uae

International Money Transfers for Individuals

If you are purchasing overseas property, paying tuition fees, receiving your pensions or for whatever reason, transferring money internationally can be a costly. We compare the services on offer for the amount you wish to send and save you money by finding the best exchange rates and lowest fees.

Paying for your overseas tuition fees in foreign currency

PAYING FOR YOUR EDUCATION ABROAD – OVERSEAS TUITION FEES

Overseas university or secondary school tuition and living expenses are not only expensive but also currency conversion takes large portion of your budgeted funds for your child's studies. We show you how you can make the most of the money you are investing in your child’s future.

Market Insights

Sign up for our newsletter.

Thank You for subscribing to our Newsletter

You have successfully signed up to our Newsletter