This week’s fall in sterling wasn’t entirely surprising, but being forewarned doesn’t make it easier if you have a large trade in the offing.
This could just be a pre-shock. Remember when Boris Johnson was saying that a 20% fall in sterling in the case of a no deal would be a price worth paying? “The pound will go where it will”, he said last year.
The decline of nearly 3% in GBP/EUR over the past week also suggests that no deal has not been “priced in”.
Do speak to your trader on 020 8108 5337 if you have a trade coming up; we can secure your rate for the year ahead. We also have a range of September promotions starting too, where you could win £1,000 in Amazon vouchers just for making a trade, either online or over the phone.
For those buying pounds, you’ll be feeling a little richer today! Firstly, you can secure that rate with a quick phone call to your trader.
Secondly, we have a brand-new guide, Returning to the UK, specifically for British people moving back to the UK after living abroad. You can download it free, here.
