Product

CurrencyGuard protects you from exchange rate fluctuations. If the exchange rate moves against you, we pay the difference, if it moves in your favour you keep the benefit.

Product Features

• No credit check, no arrangement fees
• Covers assets or liabilities denominated in £, €, $
• Automatic claims payments, no customer action required
• Claims paid directly to the customer’s bank account each month
• 1 year general insurance
• Monthly installments available
• Regulated by the FSC and FSA as general insurance
• All applicable policies covered by the FSCS
• No claims handling or customer contact post sale

Market Size

• 5m Britons live overseas
• 425,000 UK investors own overseas property valued at £58bn

Risk

The following shows the GBPEUR rate going from a high of 1.29 in Oct 08 to a low of 1.02 in Dec 08

Quotes

“We are in danger, if the government is not careful, of having a proper sterling collapse, a run on the pound” (George Osborne, Nov 08)

Sterling falls to 13 year low (Nov 08)

“The UK is a deficit country, at risk of a sterling collapse. Years of UK macro-mismanagement have dragged the UK economy to the edge of a precipice" (Albert Edwards, Global Strategist, Societe Generale)