In today’s Euro forecast, the focus will continue to be the Brexit discussions in the House of Commons. This is because, although today was the previously-expected official Brexit departure date, the details of the UK’s divorce from the European Union are yet to be finalised.
The extension is expected to last for at least 2 weeks, up until the 12th of April. The EU has previously warned that if a deal isn’t in place by then, there will be no scope for further extensions. So, Parliament will be keen to try and rectify the matter as soon as possible.
The discussions today will surround Prime Minister Theresa May’s withdrawal agreement and also alternative options, I would imagine. This is because, earlier this week, indicative votes on alternative arrangements failed to result in a clearly favoured option.
When to buy Euros
The biggest influence on GBP exchange rates at the moment remains this subject. This has been the case for much of the last 2-3 years. If May’s deal is voted in favour of, there will be an extension to the 22nd of May. So, it’s worth following today’s events in Westminster. If there is another confirmed vote on May’s deal then that would be the third, so perhaps it will be third time lucky for her.
If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly. 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 buy your currency.
A small improvement in a rate of exchange can make a huge difference. So, for the sake of taking two minutes to email me, you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on email@example.com and I will endeavour to get back to you as soon as I can.