Drive your money further while navigating international payments

Across the City, eyes have been watching the steady rise of the pound against the euro over the last 12 months. With a stream of positive economic data coming in since Q4 of 2013, sterling has been slowly strengthening month by month, hitting a peak of €1.27 against the euro and $1.72 against the dollar in July 2014. 

 

Sterling's rise has lost pace of late with news that the trade gap hasn't narrowed as much as predicted by Q3. But the pound is still hovering at around its highest rates since 2012 against the euro. The growth is especially remarkable considering the lows last year of €1.14 and $1.50 respectively. 

 

For those with a passion for property, the strong pound has opened up exciting investment opportunities on the continent, with the promise of more affordable bricks and mortar in some of the world’s most beautiful locations. For example if you want to buy a €200,000 home on the continent, it would have cost you more than £175,000 at last year's lows, however now it could be yours for as little as £157,500 – a saving of £17,500.

 

And British businesses are keeping a close eye on the GBP EUR rate due to the impact –positive or negative – that it may have on their profit margins. Importers are seeking to make the most of the strong pound and exporters are finding ways to remain competitive overseas. 

 

Whether you’re an individual looking to purchase that dream villa on the Mediterranean coast, or a thriving business trading within the Eurozone, City AM has teamed up with foreign exchange and international payments specialist, Moneycorp, to create a service for readers that provides highly competitive rates and excellent service on overseas currency transactions.

 

City AM International Payments service will provide access to industry experts, focussed on delivering their customer needs with a personalised service. Customers will receive some of the most competitive exchange rates available, and have access to a range of specialist exchange tools to manage their foreign exchange exposure and make the most of the market movements.