The Brexit talks are just about to enter phase two when the EU summit begins on Thursday. The Pound vs the Euro hit its best level last Friday after citizens’ rights were agreed as well as the Irish border issue.
However, the gains were relatively short lived as we are still a very long way off from having any sort of real resolution.
The talks that are due to begin towards the end of this week are likely to be focused on trade but this afternoon there have been some disputes between what Brexit Secretary David Davis has said about what could happen with a UK-EU trade deal being signed minutes after Brexit.
Donald Tusk the president of the European Council has written in a statement this afternoon that getting a withdrawal deal by the autumn will involve a ‘furious race against time.’
He went on to say ‘…we only have ten months left to determine the transition period and our future relations with the UK.’
With the talks going very well last week I think if they carry on with the positive tone this week we could see GBPEUR exchange rates move in an upwards direction so make sure you’re prepared for any eventuality if you have a requirement to either buy or sell Euros in the near future.
Many of my clients have been buying forward contracts which allows you to fix an exchange rate for a future date and this can be especially useful if you are in the process of buying or selling a property in Europe.
If you need to make a currency transfer over the next few days or weeks and would like further information or a free quote when buying or selling currency then feel free to get in touch.
Having worked in the foreign exchange industry since 2003 I am confident of not only being able to offer you bank beating exchange rates but also help you with the timing of your currency transfer.
To find out more contact me directly Tom Holian firstname.lastname@example.org