In this Euro exchange forecast, we’ll discuss how, later today, at an undisclosed location, the Prime Ministers (PM) of the UK and Ireland, Boris Johnson and Leo Varadkar, will meet to try and thrash out a deal during last-minute talks regarding Brexit, and specifically the Irish border question.
Last gasp attempt for Boris’s Brexit before extension
UK PM Johnson will be keen to try and avoid the embarrassment of having to ask for another Brexit extension, after stating multiple times his intention for the UK to leave the EU on the final day of this month.
The talks this afternoon will focus on the issues of whether or not Northern Ireland will continue to trade within the EU’s Customs Union post-Brexit, and also whether or not there will be hard border checks on goods passing through the UK and Ireland.
Our regular readers will be aware that the UK must have a deal in place by the 19th of this month. Otherwise, the UK government will be required to request an extension to the Brexit deadline.
Is the Euro going to go up? Parliament to sit on a Saturday for 5th time in history
Although the departure is expected to take place on the 31st, it could be around the 19th that causes the most volatility for the Pound to Euro interbank exchange rate, due to the importance of that day.
The 19th falls on a Saturday and the government has asked Parliament to sit during that day, which will be only the 5th time in history, which shows how important the talks this month are.
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 firstname.lastname@example.org and I will endeavour to get back to you as soon as I can.