TorFX have been helping individuals and businesses save time and money on their international currency transfers since 2004.
They offer their customers excellent exchange rates, no transfer fees, personal account management and access to specialist services whether they move their money online, over the phone or by app.
TorFX are part of a group which processes £7.5bn in international payments a year, has 20+ offices in four continents and employs more than 500 currency experts.
They’re authorised by the FCA, hold the highest credit rating with Dun & Bradstreet and have an ‘Excellent’ 5 star Trustscore on Trustpilot.
TorFX have also won the Moneyfacts Consumer International Money Transfer Provider of the Year award five years running (2016 – 2020) and have been awarded the accolade for Best Customer Service four times.
How it works
Get a quick quote – Tell TorFX what currency you need and how much you need to transfer and they’ll give you a bespoke quote.
Create an account – Register in minutes online or over the phone. Talk through your options with your personal account manager or log in to start making transfers straight away.
Make your transfer – Send TorFX your funds and tell them where to send them, they’ll do the rest!
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI). SPI disclaims any responsibility or liability related to your access to or use of any third party content.
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The GBP/EUR exchange rate was left to trade in a wide range again this week as Brexit uncertainties continued to rock the pairing.
Pound Fluctuates as Brexit Continues to Dominate Sentiment
Brexit continued to be the main catalyst behind the Pound this week, with Sterling fluctuating throughout the week as the saga continued to unfold.
This initially proved positive for the Pound as sentiment in the UK currency was buoyed by the announcement that Prime Minister Theresa May would reach across party lines to work with Labour in an attempt to find a workable Brexit deal which would be accepted by Parliament.
Unfortunately for GBP investors, Sterling fell back again in the second half of the week as little progress appeared to be made during the cross-party talks, leading to May to request another short extension to Brexit from the EU.
Also influencing GBP exchange rates this week was the release of the UK’s latest PMI figures, with the Pound’s gains in the first half of the week being tempered by fears that the UK economy may have stagnated in the first quarter, following a shock contraction in the service sector in March.
Meanwhile, the Euro faced headwinds throughout the week due to some weak economic data, mostly notably due to some weak Eurozone inflation figures and a sharp contraction in German factory orders.
Can the UK avoid a No-Deal Brexit Next Week?
With the UK currently set to leave the EU next Friday if parliament is unable to come up with a solution to Brexit all eyes will be on the upcoming EU summit of leaders to see if this fate can be avoided.
No doubt this will led to another session full of explosive Brexit developments result in further volatility in the Pound.
This is also likely to overshadow the publication of the UK’s latest GDP figures, which otherwise may have exerted some downward pressure on Sterling as economists forecast growth will have slowed in February.
Meanwhile, EUR investors will likely be focused on the European Central Bank’s (ECB) latest policy meeting, with the Euro potentially facing some headwinds if the ECB continues to promote a cautious approach to monetary policy.
If you’ve got a GBP/EUR currency transfer to arrange, the team at TorFX are on hand to help. Get started now to access bank-beating exchange rates and fast, free transfers.
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI). SPI disclaims any responsibility or liability related to your access to or use of any third party content.
HolaBank for all your banking needs as an expat or second home owner in Spain.
HolaBank is part of CaixaBank, one of the leading banking groups in Spain.
HolaBank is specifically organised to take care of the banking needs of expats and second-home owners from abroad, offering a service that understands your language and banking needs.
And, with the HolaBank Living Solutions account, you get access to a host of valuable services such as legal advice, translations services, and home emergency services that make life easier and give you peace of mind.
You will not find another bank in Spain that takes so much care to understand your banking needs as an expat or holiday-home owner in Spain.
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI). SPI disclaims any responsibility or liability related to your access to or use of any third party content.
The information above constitutes an advertisement of a company or professional and the services they provide. The information is published and managed by the advertiser alone. Spanish Property Insight (SPI) and the owners of this website make no warranty as to the accuracy or completeness of the advertisement and its content, or any linked or associated information. SPI does not own, manage, or control any of the advertisers, and adverts should not be interpreted as endorsements. Please contact advertisers directly to obtain further information about their services.
TorFX have been helping individuals and businesses save time and money on their international currency transfers since 2004.
They offer their customers excellent exchange rates, no transfer fees, personal account management and access to specialist services whether they move their money online, over the phone or by app.
TorFX are part of a group which processes £7.5bn in international payments a year, has 20+ offices in four continents and employs more than 500 currency experts.
They’re authorised by the FCA, hold the highest credit rating with Dun & Bradstreet and have an ‘Excellent’ 5 star Trustscore on Trustpilot.
TorFX have also won the Moneyfacts Consumer International Money Transfer Provider of the Year award five years running (2016 – 2020) and have been awarded the accolade for Best Customer Service four times.
How it works
Get a quick quote – Tell TorFX what currency you need and how much you need to transfer and they’ll give you a bespoke quote.
Create an account – Register in minutes online or over the phone. Talk through your options with your personal account manager or log in to start making transfers straight away.
Make your transfer – Send TorFX your funds and tell them where to send them, they’ll do the rest!
* This article has been written by a third party not owned or controlled by Spanish Property Insight (SPI). SPI disclaims any responsibility or liability related to your access to or use of any third party content.
The information above constitutes an advertisement of a company or professional and the services they provide. The information is published and managed by the advertiser alone. Spanish Property Insight (SPI) and the owners of this website make no warranty as to the accuracy or completeness of the advertisement and its content, or any linked or associated information. SPI does not own, manage, or control any of the advertisers, and adverts should not be interpreted as endorsements. Please contact advertisers directly to obtain further information about their services.
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