High Court Ruling to cause volatility on GBP/CHF
In January we will see the the decision of the high court ruling on whether the government will have the opportunity to vote on Article 50. The main issue with the UK exiting the EU is how it will effect trade. The high court ruling will be the difference between a hard and soft Brexit. A hard brexit will cause significant Sterling weakness.
Theresa May has indicated the wish to trigger article 50 by the end of March and officially start the exit from the EU. I feel a soft Brexit is the more likely option (thank the lord!) with David Davis already putting forward plans for temporary trade agreements during the exit process which would take a lot of uncertainty away from the market. If you are a Swiss Franc seller it may be wise to take advantage of current levels.
If you have a currency requirement it is crucial to be in touch with an experienced broker. The timing of your trade is vital during such volatile times, If you have an experienced broker on board he/she can keep you up to date with what is happening in the market to help you make an informed decision. Should you find our information useful and you would like me to assist with your trade I will be happy to help you personally. If you inform me of the the currency pair you are trading, volume and time scale and I will provide a free trading strategy to suit your needs. I work for one of the top brokerages in the country and as such I am in a position to better virtually every competitors rate of exchange. You would also be looking at saving anything up to 4% in comparison to high street banks. Please do get in touch by contacting me at [email protected]. Thank you for reading my blog.