Hi everyone,
I want to transfer money from HKD to £ Sterling.
My hunch is that the pound is going to creep higher so I want to lock in today's rate with a forward contract.
I thought I could do this, but the guy at OFX told me that new legislation passed a couple of years ago saying that forward contracts are only now possible if you are paying for goods or services.
Is there another way to do this?
Could I do it via my Interactive Brokers account?
Many thanks as usual to the fine people of this forum!