Today UK and EU officials met in Brussels for the next round of Brexit negotiations. It is being reported that including this round there are another two rounds of negotiations to go before the end of the year and Michel Barnier has warned that ‘time is pressing’ to on the three key issues which are, EU citizens rights, the divorce bill and the Northern Ireland Border.
UK Prime Minister Theresa May has tried to calm the markets this evening by announcing the exact time the UK will depart the EU will be added EU withdrawal bill and written into law to stop Conservative rebels and other MPs trying to attempt to block Brexit.
The Prime Minister is under pressure at the moment due to 2 Conservative MPs resigning over the last 14 days. Firstly defence secretary Michel Fallon and now International Secretary Priti Patel. With an already fragile Conservative Government, rumours are emerging that a vote of no confidence could happen and Theresa May could lose her position as Prime Minister. M not convinced but nevertheless the pound remains under pressure.
Looking ahead, expect large swings short term off the back of Brexit developments in the weeks to come. Personally I am optimistic that the UK are securing a deal in regards to EU citizens rights which should provide strength for the pound.
Property purchases and sales are my area of expertise, therefore if you need to purchase a foreign currency or you are about to complete on a sale abroad, today is the day to get in touch to discuss your options and to get an understanding of how we can save you as much money as possible.
As I have mentioned above, it’s crucial when buying or selling the pound to analyse both the currencies you will be trading, as your 2nd currency will also have an impact on your decision.
Feel free to email me the currency pair you are converting (GBPUSD, GBPAUD, GBPCHF, GBPEUR etc) the reason for your conversion (company invoice, buying a property), timescales and I will email you with my forecast for the currency pair and the process of using our company email@example.com. Dayle Littlejohn
** If you are already using a brokerage, especially online platforms, but would like a comparison and my help with timings (this is where you can make further savings), I am more than happy to do this for you. Feel free to email me the currency pair you are trading and the volume and I will respond with the live price **