Let Cosmos Watch The Pennies & Your Pounds Will Look After Themselves

Hello,

There has been no let-up in volatility in the currency markets throughout the summer and with key interest rate decisions awaited by all the major central banks later this month, there is little prospect of a let-up.

If you have an upcoming transfer to do, you may want to consider subscribing to the Cosmos Rate Watcher Subscription Service by simply completing the necessary details and Cosmos will be your ‘eyes and ears’ in the ever changing currency markets.

Whilst clients, particularly UK based clients, have no shortage of trading options with dozens of banks, online brokers and payment apps available, the problem for any client is that the vast majority are 100% technology-based solutions that operate on a transactional and reactive basis.

All that happens is that you contact the provider; ask for a quote, they give you a quote which you then have seconds to accept.

Or you can watch the markets to try and get the timing as right as possible to either minimise the cost of your currency purchase or maximise the return from your currency sale.

But who has the time to watch the markets and with due respect, how many have the knowledge and experience to know what to look for, to focus and spot the market signals instead of just market noise?

Cosmos Can Provide A Viable Alternative

We have decades of experience in the market and because all our business comes from repeat and referral clients, we will do our very best to work with you in your interests as it’s also in our interests to do so.

Two examples happened last week to illustrate the difference our Rate Watch Service can provide.

Example 1 - Pound Sterling To Euro Transfers

Before 9.30 am on Wednesday, 23rd August, the Pound sterling touched a 51-week high against the Euro.

Then Markit published the latest UK Purchasing Managers Index for the manufacturing sector. The data was nothing short of abysmal and points towards the real possibility of the UK economy sliding into recession this autumn.

The bottom fell out of the Pound.

If you happened to buy ￡100,000 of Euros before 9.30 am, you could reasonably expect to get around €117,012.

After 9.30?

As little as ￡115,236, a difference of minus -€1,776.

Example 2 - US Dollar To Pound Sterling Transfers

Friday, 25th August has been a volatile day for the Dollar and the Pound.

In the morning, buying ￡100,000 would cost you in the region of $126,329.

By lunchtime, the same amount of Pounds Sterling (￡100k) would now cost you USD $127,563, an extra $1,234.

By mid-afternoon, the figure had fallen to $126,974, still $645 more than in the morning but $589 less than the lunchtime figure. ?

I hasten to add, no one at Cosmos is clairvoyant or pretends to be.

All the skill, knowledge and experience in the world will still not let us get it absolutely right for you but surely you will stand more chance of getting a decent result than by just contacting the bank, online broker or app when you have free time to and accept whatever rate is available at that moment in time!

And best of all, subscription to the Cosmos Rate Watcher Service remains free for the rest of 2023 and does not obligate you to use our services.

It’s a bit of a no brainer, isn’t it!

THE COSMOS OFFER

Of course, currency market volatility can bring trouble but with careful monitoring can also bring opportunity.

At Cosmos, we provide our clients with a relationship?not a transaction-based service.

We are pro-active?not reactive.

We offer local collection accounts?in: the USA; Canada; the EU and the UK saving clients time and money on transfers.

Cosmos Currency Exchange has won multiple awards?for its customer service and pro-active approach.

Please call +44 (0) 300 124 6409 or?email us?to discuss your individual currency requirements or take a look at our website.