Could we see further weakness ahead for the Pound vs the Euro as we head towards a no-deal Brexit? (Tom Holian)

Sterling vs the Euro is now at its lowest rate to buy Euros during 2018 after struggling once again with the latest round of Brexit talks which highlights the huge problem the UK is now facing in the next few months.

EU chief negotiator Michel Barnier and Brexit Secretary Michel Barnier have agreed to keep the talks ongoing with no stopping in order to get a resolution agreed as soon as possible before time runs out.

Indeed, there is speculation that the October deadline may even go into November so that a solution between the UK and the EU can occur in order for the UK government to have everything ratified by next March 2019.

However, at the moment it appears as though time is seriously running out and at the moment we are facing the potential of a no-deal Brexit.

The government have already issued 24 out of 80 papers focusing on what may happen if the UK can not come to an agreement and this has sent the Pound to its lowest level all year vs the Euro creating some excellent opportunities for those people looking to move money back from Europe to the UK.

The trade relationship between the UK and the European Union is still not decided and the Irish border issue remains outstanding with no clear answer as to how this will also be resolved which has continued to weigh heavily on Sterling exchange rates.

In the short term I think if you’re planning to buy Euros it may be worth getting this organised as I can only see the Pound falling against the single currency.

Having worked for one of the UK’s largest currency brokers for 15 years I am confident of being able to help offer you tips on how to maximise your rate of exchange when buying or selling Euros.

For further information or a free quote then contact me directly and I look forward to hearing from you.

Tom Holian