The Prime Minister will meet with European Commission President, Ursula von der Leyen, this evening in the hope that they can help to push a Brexit trade deal over the line. The pound remains supported by hopes that a deal will be achieved in time and could be impacted by any news following the meeting.
Thankfully, after weeks of minimal progress, there was a Brexit breakthrough yesterday. The UK and the EU have come to an ‘agreement in principle’ surrounding the implementation of the Withdrawal Agreement. The controversial parts of the Internal Market Bill will be scrapped, and the two sides have reached a deal on the approach to border checks in Northern Ireland.
However, we’re not out of the woods yet. The December 31 deadline is now just weeks away and the markets will be watching negotiations closely. We could see volatility from the pound and other currencies, especially if the prospect of leaving the EU without a trade deal starts to look likely.
To protect yourself from any potential falls from the pound call your trader on 020 8108 5337 to discuss locking in today’s rate.
Fortunately, Brexit isn’t the only news to highlight this week. I’m sure you saw that the first COVID-19 vaccinations were rolled out yesterday, a moment that the whole planet has been waiting for. Finally, we can start planning for 2021.
If you’re thinking of re-starting your plans for a holiday home, then I’d recommend The Property Buyer’s Guide to Currency as your first port of call.
