Home » Currency Note » Currency Note » Pound hits 22-month high as MPs prepare for Brexit debate

It’s crunch time for Theresa May’s withdrawal agreement. The Prime Minister announced new ‘legally binding’ changes to the backstop issue after a last-minute meeting with Jean-Claude Juncker – and the pound hit a 22-month high as hopes rose. But will it be enough to pass it through Parliament?

We are extending trading hours to help protect your funds against sudden movements – call your Personal Trader today on 020 7898 0541 to lock in your exchange rate.

The Prime Minister announced last night that her meeting with Juncker had resulted in a ‘joint legally binding instrument’, which would allow the UK to start a formal dispute if the EU attempted to keep the UK tied into the backstop.

She also announced a unilateral declaration, which will set out the UK’s view that nothing prevents is leaving the backstop arrangement if discussions break down.

Meanwhile, US retail sales disappointed, failing to make up shortfall from December. Brexit hopes buoying the pound caused the dollar to weaken. Today we will see inflation figures, which could have an important impact on the dollar.

We can’t emphasise enough how much volatility is on the horizon – so lock in your rate today with a forward contract. Speak to your Personal Trader on 020 7898 0541 now to protect your money.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.