Morning Brief – Thursday 14th

Thursday 14th Feb 2019

To all our Clients: A Valentine Message and 3 corny jokes (sorry!)

 

 

1. Q: What did the boy octopus say to the girl octopus?
A: Can I hold your hand, hand, hand, hand, hand, hand, hand, hand, hand, hand?

2. Q: What did one snake say to the other snake?
A: Give me a little hug and a hiss, honey.

3. Knock, Knock,
Who’s there?

Olive

Olive Who?

Olive you!

 

 

Pipe Dream

 

Back to last week’s theme of the unintended consequences of smoking Marijuana, a smoker in search of a suitable place to fire up his bong, broke into a house in Texas earlier in the week. Upon entering the house it was only to  be confronted by…a tiger. Police were called and both the smoker and the tiger were taken into custody.

 

An early start for SGM-FX’s very own Charles M.Porter who once again took to the airwaves on TalkRadio first thing this morning trying to make some sense out of the newspaper headlines of the day with pundit James Max.

 

Markets are phlegmatic in fact actually positive about global events in the past 24hrs and also Charles being on the radio.

 

FTSE closed at 7190 Dow at 25543. Oil WTI at $54. 

 

Last but not least for all those of you casting around to buy a suitable present for your significant other: 

 

Victoria’s Secret despite struggling to preserve sales is optimistically offering an embroidered kimono for $490…that is if you are concerned at looking cheap having already rejected the $350 leather bustier! 

 

The SGM-FX team, even as you are reading this, are stress testing both of these pacy outfits and of course…as ever the latest Brexit developments as they unfold today in Parliament!

Happy Valentines!

 

 

 

 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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Following a company sale, I recently received a large US dollar amount. Although my natural inclination was to let my clearing bank deal convert it into sterling, I soon realised this would present two problems. Firstly, the rate charged would be uncompetitive and secondly it would be difficult to speak to a knowledgeable person to ensure everything went smoothly. All enquiries at my clearing bank led to a long queue in a call centre and a different, inexperienced operator each time.

SGM-FX exceeded my expectations in both areas. The rates charged were highly competitive and transparent (with no unexpected fees). More importantly, the level of service and professional duty of care could not have been better. Being able to talk to the same professional throughout the period before and after the transaction provided a level of assurance which was not possible with the clearing bank. I not only saved thousands on the rate, but also received the correct currency in the correct account very promptly with plenty of communication along the way.

I realise there are other operators in this space who pride themselves on low rates but, as I now realise, it is the combination of professionalism, service and rate which is essential. I would therefore be happy to recommend SGM-FX to anyone with foreign currency service needs.

Thanks to everyone at SGM-FX for their help

T.R.

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