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FairFx enjoys Brexit bonanza, despite being surprised by the result

FairFx Group PLC (LON:FFX) remained open for business throughout the aftermath of the EU referendum vote, which is more than can be said for some of its competitors.
Ian Strafford-Taylor, the company’s chief executive officer (CEO), confessed to being surprised by the referendum result, but like any good boss, had prepared for either eventuality.
“We did a lot of business over the period,” the CEO told Proactive Investors.
It was a record week for the company, with heightened activity in the run-up to the vote, though there was a bit of a lull after the result came in. Activity is now picking up a bit again, Strafford-Taylor said.
Current trading is strong, despite various macroeconomic concerns and some geophysical events, such as the recent coup attempt in Turkey.
The CEO said there had already been some apprehension about travelling to Turkey prior to the recent uprising, and that holiday-makers spurning Turkey for other destinations would still find FairFx able to service their currency needs for alternative holiday spots.

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Price: 23.25 GBX

Market: AIM
Market Cap: £41.53 m

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FairFX targeting one million customers by 2017

Ian Strafford-Taylor, chief executive of FairFX Group plc (LON:FFX), is confident he can double the current number of customers by the end of next year. The online multi-currency payments and travel money specialist has just over 508,000 customers and is focusing on attracting more...

on 04/15/2016

2 min read