Pound tumbles as Boris signals danger

A lot of investors have assumed a Brexit deal will get done because it’s in everyone’s interests.

But what if this assumption is wrong?

Yesterday was the first day where the market seemed to hit the panic button.

And for good reason.

Boris Johnson declared there is a “strong possibility” of a no-deal Brexit and “now is the time” for companies and people to prepare.

The Pound suitably dropped like a stone.

He’s definitely not afraid to push negotiations to the limit. It could be all part of ‘the game’.

But one things for sure: the consequences are very real.

Yesterday’s ‘correction’ could foreshadow a much bigger move in the coming weeks.

With so much at stake, it looks inevitable that we’re in for a volatile ride.

What should You do?

Whether you hold Pounds, Euros, or Dollars, you must weigh up whether you want to take the risk.

There is time to get your transaction done before Brexit should you wish to.

To lock-in a rate now, please get in touch on 01872 487 500 to discuss your situation.

Or to find out our latest rates, click on the link below.

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.

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