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FairFX gets a Brexit boost

Published: 08:02 27 Jun 2016 BST

euro bills and coins
The currency provider is "cautiously optimistic" about its immediate prospects

Low-cost currency provider FairFX Group Plc (LON:FFX) enjoyed its best ever week last week thanks to heightened trading activity amid the UK’s EU referendum vote.

Revenues were 30% better than its previous record week, which was back in July 2015, and was up over 50% on the corresponding week in 2015.

The foreign exhange trading firm also highlighted that its exchange platform and IT systems remained fully operational, while some of its peers weren’t accepting business.

“Our infrastructure enabled us to carry on providing our services to customers through the whole process,” said chief executive Ian Strafford-Taylor.

“To come through this period with a record week only goes to emphasise how resilient and scalable our business model has become.”

The company added that June had already been a busy month before last week, and is “cautiously optimistic” about the immediate prospects for trading volumes.

Shares were up 1p, or 3.4%, to 30.5p.

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