Buckinghamshire, United Kingdom (PressExposure) October 23, 2009 -- Pure FX is a wholesale currency broker, specialising in large scale money transfers. They believe that dissatisfied businesses are now shunning traditional banks in favour of the competitive exchange rates and low charges that companies like Pure FX offer.
Traditionally, people have always used banks for large currency transactions, accepting whatever exchange rates are on offer. However, as bank exchange rates become ever poorer - and bank charges ever higher - businesses seem to be waking up to the fact that there is an alternative to transferring large sums of money via the banking system.
Foreign currency brokers deal exclusively with the buying and selling of money. Because they are specialists, they don't have to manipulate exchange rates, or make extravagant charges, to minimise their losses in other areas. In addition, specialist brokers have the benefit of collective volume i.e. thousands of customers, all making the same transaction at the same time. This allows them enormous bulk trading power, and access to the best exchange rates.
"It's obvious the Bank of England does not want a strong pound - in fact Mervyn King [the BoE Governor] is on record as having said so," says James Roberts, of Pure FX. "Despite government promises of an economic upturn, Sterling is steadily losing value. With October set to look just as bad as September, businesses are looking to us as being the viable option for foreign money transfers."
For more details about Pure FX, please visit http://www.purefx.co.uk or call 01494 671800.