UK Prime Minister Theresa May held emergency talks with senior Conservative ministers yesterday evening at Chequers, the Prime Ministers countryside retreat. The negotiations or debate depending on your point of view went long into the night, and reports are suggesting that the Prime Minister played ‘a blinder’ which surely mus be good news for sterling exchange rates. Off the back of the news the pound has started the day well.
Onto next week the Prime Minister will meet with the whole Conservative cabinet on Tuesday, in a bid to come to an agreement about Brexit. It was only last week rumors emerged that some Conservative MPs were unhappy with the PMs plans, therefore these discussions could be challenging. A tougher challenge than last night I would argue.
Nevertheless by the end of the meeting I believe the Conservative MPs will be singing off the same sheet, and therefore this will pave the way for Theresa May to deliver a speech at the end of the week to outline the UK’s position and give further clarity.
If you are reading this website for the first time as you need to buy or sell the pound next week could provide direction for the upcoming months, therefore making plans now is your best option.
Regular readers will be aware that the ongoing Brexit negotiations will continue to drive sterling exchange rates. Stories are released daily therefore if you are exposed to a sterling currency transfer and would like to be kept up to date with the top stories fell free to email me firstname.lastname@example.org and I will filter the news for you and only provide information that is impacting your exchange rate.
It’s also important to study the other currency that you will be converting. Feel free to email me the currency pair you are converting (GBPUSD, GBPAUD, GBPCHF etc) the reason for your conversion (company invoice, buying a property) and I will email you with my forecast for the currency pair and the process of using our company email@example.com.