As we’ve seen in the past, the pound does not fare well when the possibility of a ‘no-deal’ Brexit increases. Prime Minister Johnson has said that a ‘no-deal’ will be implemented if a deal can’t be reached by the 15th of October, giving the UK and EU just over a month to overcome several key sticking points.
Despite this, reports say that during a call held yesterday between the Prime Minister and the French President, both sides agree they are still committed to securing a deal. The eighth round of talks begins later today in London.
Make sure you lock in your exchange rate with a forward contract today, so your money isn’t affected by uncertainty. Speak to your Personal Trader on 020 7898 0541 to get started.
