They could spot sell their EUR and buy GBP to cover their expenses in Britain, and then in one month spot buy EUR and sell GBP to pay their business partners in Europe. 3, foreign exchange spot transactions are similar to forward foreign exchange transactions in terms of how they are agreed upon; however, they are planned for a specific date in the very near future, usually within the same week. Companies may also use them to avoid foreign exchange risk. If Britain has financial trouble and the EUR/GBP exchange rate moves against them, they may have to spend a lot more GBP to get the same amount of EUR. No matter where you're starting from, we've got what you need to power your potential.