The UK is set to leave the European Union at 11pm today, after four years of protracted negotiations. The pound is currently up against the euro, but there’s plenty of uncertainty ahead.
The British government has a deadline of 31st December to complete its trade negotiations before the transition period expires, which many worry could be too short. Nonetheless, in that time, British citizens can still move and buy property in the EU as they do now.
Nonetheless, the usual schedule of economic releases continues, and today we will see a number of figures from the eurozone, including GDP numbers and flash inflation figures. Yesterday, the Bank of England voted to keep interest rates on hold, although two members did vote against, after days of speculation over whether a cut would occur.
Poor GDP data from the US has meant the dollar has started today slightly weaker, missing the Trump administration’s target for the third year.
As the UK leaves the European Union, it’s a big step into the unknown. And, for anyone making a big transfer, it’s crucial to understand the risks and how to protect against them. Download our Quarterly Forecast to find out more, and speak to your Personal Trader on 020 7898 0541 now for personalised guidance.
