With just over three weeks to go, all eyes are on the election.
But we wonder whether it will bring the certainty over Brexit as hoped?
Just about everyone expects the Conservatives to win.
However, that’s not the real issue...
Boris Johnson needs more than a win; he needs a large majority to get his Brexit bill passed. And that is far from certain.
A small Conservative majority (which Nigel Farage is predicting) may keep us stuck on the Brexit merry-go-round.
As HSBC put it “anything can happen”.
The period of stability we are seeing in the Pound may well be short-lived.
Option prices on Pound Sterling have doubled in value since the beginning of the month.
In plain English, it means investors are very nervous about the result and we could see sharp moves in exchange rates around election time.
If you would like to de-risk yourself from an adverse move, you may wish lock in a rate now.
Call us on 01872 487 500 to discuss your requirements.
For current exchange rates, get a quote below.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Thursday 21st November 2019 at 12:30
£1.00 GBP = 1.1686 EURO
£1.00 GBP = 1.2952 USD
£1.00 GBP = 1.9027 AUD
£1.00 GBP = 2.0139 NZD
£1.00 GBP = 1.7244 CAD
£1.00 GBP = 19.0586 ZAR
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