Prime Minister Theresa May has set out guidelines for the UK’s date and time to leave the EU in law and claiming that she will not ‘tolerate’ any potential plans to block the Brexit.
May has claimed that the EU Withdrawal Bill will be formally changed on Friday 29th March 2019 and as we are already almost 6 months into the discussions this is a clear line in the sand by Theresa May.
This means that the government are absolutely committed to pushing through Brexit but she will still have to get it through a number of attempts to pass it via parliament.
There are still a number of opponents to the Bill but it looks at though there is at least an attempt to provide the markets with certainty.
Turning the focus back to the UK economy we have a lot of economic data due out during the course of the day starting with UK Manufacturing & Industrial Production data due out at 930am this morning.
This will be followed later this afternoon with the latest NIESR GDP estimate for the last three months.
The UK has been going through a mixed period with economic data so keep a close eye on the data releases over the next few hours.
If you have a need to make a currency transfer in the coming days, weeks or months then feel free to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency compared to your bank or another currency broker.
Even a small improvement in the exchange rates can make a big difference so feel free to to email me and you may find you could save yourself hundreds if not thousands of Pounds. You can email me (Tom Holian) on [email protected] and I will respond to you as soon as I can.