Another Nail-Biting Week Ahead!
The Pound is set for another nail-biting week as we await further Brexit news…
On a positive front, the UK and Switzerland have signed a “Mind the Gap” deal on Sunday to keep trading as normal post Brexit.
And the press is reporting that Labour may be willing to compromise and strike a deal with the Tories, which could mean the PM doesn’t have to renegotiate with the EU.
While there are hopes of a compromise, not everyone is in good spirits.
The Confederation of British Industry yesterday said Brexit is an “unfolding nightmare” as major trade partners like Japan and South Korea were reluctant to sign deals with the UK until they knew what the future holds.
While time pressure may yield a last-minute result, we still see an extension of the Brexit deadline as the most likely outcome. After all, kicking the can down the road is what politicians do best.
Over the coming weeks and months, it’s inevitable that the Pound will be volatile given the importance of this historical event.
So where does that leave you?
You have a choice to make...
1. You can be passive -
You simply accept whatever happens next to the value of your money.
2. You can be proactive -
You can talk to us to take advantage of any currency moves in your favour.
If you would like to discuss your personal situation, please get in touch on 01872 487 500 so that we can assist you with your timing and plans.
Thanks For Reading, What Next?
Have a great day, Geoff Lambourne - Direct Dial me on 0044 (0)1872 487 470.
Current rates:
Monday 11th February 2019 at 10:20
£1.00 GBP = 1.1418 EURO
£1.00 GBP = 1.2908 USD
£1.00 GBP = 1.8222 AUD
£1.00 GBP = 1.9120 NZD
£1.00 GBP = 1.7140 CAD
£1.00 GBP = 17.6603 ZAR
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