With only 63 weeks left before the UK departs the EU, businesses within the UK are twitching at every announcement trying to second guess whether the UK will have access in some way to the single market. The pound and the UK economy at present is surrounding by a cloud of uncertainty and unfortunately I cannot foresee any key developments in the upcoming months. Key politicians can continue to give reassurance however the fact of the matter is the pound will only make inroads against the euro when decisions are made.
Businesses with any sense will now be implementing contingencies plans for a hard Brexit as they will not want to operate outside potential regulatory requirements and therefore potential criminal activity come March next year, if a deal is not struck. Brexit Secretary David Davis has already intervened and warned the European Commission about approaching companies that trade within Europe but reside in the UK, however I cant see how this helps business confidence in such an uncertain time.
Unfortunately for euros buyers I expect exchange rates to remain in the lower teens until clear progression has been made and that doesn’t look like anytime soon. If you are buying a property in Europe and want to achieve fantastic exchange rates with continuous support including regular Brexit update feel free to email me directly on firstname.lastname@example.org.
If you are buying or selling euros this week, month or year and I have not covered the currency pair you are trading, I would recommend emailing me with the currency pair (EURUSD, EURGBP, EURAUD) and the reason for the transfer (company goods, property purchase) and I will response with my forecast and the options available to you email@example.com. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn.
** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you a few minutes and in the past I have saved clients thousands! **