It seems clear Boris Johnson is dragging the UK to No-Deal.
If this happens the Pound would crash to its lowest level since 1985 according to a Bloomberg survey of analysts.
Johnson has told the EU this week he would not even meet for talks unless they shift their position.
The other possibility worrying investors is that Johnson will call a general election in the coming weeks.
We note that hedge funds have increased their bets on a falling Pound to a total of $7.8 billion, the highest since April 2017.
What should you do if you need to move money internationally?
With so much ongoing uncertainty, we expect exchange rate volatility to remain high.
As part of our service, we can monitor the market tailored to your situation and help you exchange on the back of strength not weakness.
Our pro-active approach can alert you to risks and opportunities.
To discuss your requirements, please call us on 01872 487 500.
Or to find out current rates, click on the link below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Wednesday 14th August 2019 at 12:00
£1.00 GBP = 1.0812 EURO
£1.00 GBP = 1.2091 USD
£1.00 GBP = 1.7893 AUD
£1.00 GBP = 1.8795 NZD
£1.00 GBP = 1.6030 CAD
£1.00 GBP = 18.4179 ZAR
Need to Send Money Abroad?
- At Clé France / Key Currency, many of our customers have a need for currency exchange.
- 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
