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Club News

MSPFX | Getting the most out of your money

23 July 2016

Our official partners will be at our Meet the Blues Day on Sunday 24 July.

With the UK deciding to leave the EU we’ve seen a dramatic drop in the value of the Pound, which I had warned of in many notes to my regular readers and clients.

On a recent trip to France, some 10 days after the referendum result, I noticed the airport Bureaux de Change offering to sell Euros at just 1.0220 versus the Pound compared to our MSPFX rate that day of 1.1650. On a purchase of €1000 that would have saved you £120 or over 10%. Ok, so that’s the extreme and your local banks, suppliers down the High Street would be somewhere in between the two prices but it shows that less than scrupulous companies are ready to take advantage of the post-Brexit turmoil.

That’s not how we operate though. MSPFX provides a bespoke service and best exchange rates for all your foreign currency needs for both business and personal use, large and small. Holiday and business cash can even be delivered to your door.

After 35 years in the foreign exchange markets including 18 years as an Interbank trader and market-maker I’m delighted now to be able to offer the very best in currency services, working with preferred and regulated rate providers to ensure the keenest prices and complete security of funds.

As someone born and bred in Rayleigh, and a life-long Shrimpers fan who still regularly makes the journey from Kent to the hallowed Hall as well as many away games, I’m delighted to be renewing my sponsorship deal for a third season and I look forward to continue being of value both to the Club and its fantastic supporters.

Whether you are looking to buy and sell overseas properties, emigrate to sunnier climes, better manage your company FX risk, or just get the best rates on your holiday and business cash, my team will provide you with an honest, impartial and informed service.

Go to to find out more .You can also contact me directly on 01732 700383 or 07887 581696. Make sure you mention the mighty Shrimpers to secure your preferential rates over and above those we usually offer.

Coming to Meet the Blues Day this week-end? Then come and find me in the sponsors area and get free advice on all your currency needs and questions.

Come on you mighty Shrimpers!

Mike Paterson
MSP Foreign Exchange Services

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