This is a significant week for the UK, although little practical change will be seen yet. The Brexit deadline is this Friday, and the European Parliament is set to ratify the Withdrawal Agreement this Wednesday.
The pound had a strong rally mid-week last week, but has started today slightly weaker, despite positive PMI data to close last week. Speculation over interest rates continues, with many expecting the week of good data to mean that chances of a cut are lower.
The dollar has started the week on a weaker note, but, with the Federal Reserve’s meeting on Wednesday, there could be plenty of movement to come.
Although we know that British people buying overseas don’t need to put off their plans after the Brexit date, as the transition period means the same rights extend until December 2020, such as to move abroad without a visa, we don’t know how the markets will react over the coming months. Download our Quarterly Forecast to find out how you can plan ahead.
