Clé France

Markets are eerily quiet today (the quiet before the storm).

Thinking of buying or selling abroad soon, then it may be a good idea to set up an 'automatic limit order' given we do not even know when the result of tomorrow's vote on May's Brexit bill is going to be announced.

In the hours after we may see some sharp volatility whilst the London markets are closed but there is a solution for you.

One way to protect yourself from any adverse movements or indeed, capitalise on any sharp positive movements is through the use of 'automatic limit orders', a bit like setting a limit when bidding on E-Bay for something you want but only at a certain price.

Put simply, there are three types of limit orders available in the market:

Limit Order:

Target an exchange rate higher than the current rate and we’ll make your transfer automatically if the market reaches that level.

Stop Loss Order:

Control the risk of an exchange rate suddenly falling by setting a 'worst-case' rate.

An OCO Order:

A combination of a limit and a stop order. The first one to hit the target rate triggers the order in its entirety.

Thanks For Reading, What Next?

If you have a pending currency exchange requirement then feel free to discuss with us, ideally before lunchtime tomorrow.

- To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.

- Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

Kind regards, 
David Evans 
Co-Founder of Cle France

If you are concerned about Brexit? download our "PDF Guide to Brexit" document.

For everything you need to know about French property visit www.clefrance.co.uk