We’ll be keeping a keen eye on the news channels this week as we wait for one side to blink during what must be tense negotiations in the EU-UK trade talks.
Amidst all the other graphs and data we’ve been transfixed by this year, I found myself looking at a chart of UK fish exports on the BBC this weekend. Let’s just say we could be eating a lot of herring in January if there’s no deal.
On the currency graphs, the pound still looks incredibly strong against the US dollar – trading at around its highest rate since the Referendum in 2016. Against EUR the current uncertainty shouldn’t mask the fact that sterling is 5% above its low point this year, a level it could easily find itself back at by Christmas if no deal is forthcoming.
If you’re planning your escape to a warmer climate in 2021, can I recommend our Currency Guide to Emigration? It’s a currency blueprint for would-be expatriates to plan their finances abroad and avoid expensive mistakes with currency transactions.
On that note, if you’re worried about your UK bank account closing when you move abroad, we can certainly help you get your money there (those readers who have registered will be receiving guidance on our solution to the problem later this week from their designated trader).
Watch out for a rate alert if anything significant happens. With few supporters we are always concerned the pound could fall significantly, so do consider locking in today’s rate. Click here to see how. Perhaps call your trader on 020 8108 5337 anyway, so you’re well prepared?
