I won’t even try to summarise what we can expect from British and European politics this week and how that would affect the pound. It gets very complicated, with the additional variable of a new House of Commons Speaker to replace John Bercow on Thursday, the day of the Brexit deadline.
As well as the ‘official’ Brexit day on Thursday, 31 October, the end of the week includes a big slice of economic data. And what, if anything, will be the effect on the dollar if President Trump gets a poll boost, if he does, from the killing of the Isis leader at the weekend?
So many ifs and buts! Download our currency forecasts for a detailed assessment of the range of currency possibilities over the next 3 to 12 months from our business unit.
We have an exciting week, as the main sponsor of the Luxury Property Show at Olympia in London on Thursday and Friday. You can get your ticket here. I have to say, it’s a very pleasant show to attend, with beautiful international property, great speakers and a whole host of upmarket entertainments and tastings.
I’ll be keeping a close eye on the fate of the pound as the week progresses. But if your overseas transaction, lifestyle or future happiness depends on today’s pretty good rate, all things considered, I would lock it in today with a forward contract.
You can call your trader on 020 7898 0541.
