With GBPEUR exchange rates up and down like a yoyo, this week should be no different.
The Supreme Court is set to realise their verdict Tuesday and national newspapers are suggesting UK Prime Minister Theresa May will need to attain Parliament’s approval if she wishes to invoke Article50.
If the newspapers have it right, I expect this could lead to the pound gaining momentum which in turn makes purchasing euros cheaper.
However 2016 was the year of surprises could we see more of the same this year? Who thought Donald Trump would now be President of the United States of America?
Later in the week UK Prime Minister will meet President Donald Trump to discuss arising issues such as nato, terrorism and most importantly for GBPEUR exchange rates a free trade deal. If Mr Trump takes to his famous Twitter account to address the public, this could cause major swings.
All in all, this could be a positive week for GBPEUR exchange rates, however I still believe the closer we get to the Brexit deadline GBPEUR exchange rates will fall.
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