Currency Alert - Sterling at Risk

Well that didn’t go to plan…

Sterling fell sharply yesterday after Parliament voted down an amendment that would have delayed Brexit.

In short, it means the worst-case scenario 'a No-Deal Brexit' is still on the table.

The problem is essentially this:

Parliament knows what it doesn’t want but doesn’t know what it does want.

Time is running out to avoid crashing out of the EU in March.

If such a scenario becomes a reality, the Pound could drop like a stone.

That’s because the recent rally was a result of growing expectations that the UK will avert a no-deal Brexit. If that’s not the case, then it becomes a cliff-edge moment for the Pound.

For those with a need to exchange currency soon, given the inherent uncertainty of upcoming events, you may wish to take advantage of any moves in your favour.

Currency markets are expected to remain volatile, so please keep in touch so that we can assist you with your timing.

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Thanks For Reading, What Next?

To discuss Exchange Rates and Your Currency Options, please contact our trader today on 01872 487 500.
Need to Trade Your Currency soon, then request a free quote and we’ll look after you from there.

Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.

Current rates:

Wednesday 30th January 2019 at 10:25

£1.00 GBP = 1.1464 EURO

£1.00 GBP = 1.3104 USD

£1.00 GBP = 1.8199 AUD

£1.00 GBP = 1.9159 NZD

£1.00 GBP = 1.7349 CAD

£1.00 GBP = 17.8409 ZAR

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We are pleased to offer our customers favourable exchange rates on international currency transfers.
As a Clé France website visitor, you qualify for preferential exchange rates when you transact through Key Currency.

How to Save Money on your foreign currency transfers

Key Currency can save you money by offering more competitive rates of exchange than your bank.
Clients can typically save you 3-4% of the total transaction value, which can result in significant cost savings.
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