Home » Currency Note » Currency Note » Currency Note EUR » EUR: European court of justice says UK can stop the Brexit process

On a day dominated by Theresa May’s decision to delay the meaningful vote, the European court of justice ruled that the UK can unilaterally stop the Brexit process. The court concluded that any EU member state can revoke an article 50 process without needing approval from other member states. However, this can only be done before the withdrawal comes into force.

Germany’s balance of trade figures were released and showed that the surplus decreased to €18.3 billion in October 2018 from €19.1 billion in the same month a year before. While imports jumped by 11.3%, exports increased at a slower pace of 8.5%. It was a brilliant day for the euro against the pound, as it soared to its highest mark for 20 months. Moves against the dollar were fairly muted throughout the day.

Today we will see the ZEW economic sentiment indices from Germany and the eurozone. Last month, the eurozone’s largest economy posted a reading of -25.1 and the markets are expecting a slide to -25. It will be interesting to see if Germany and the eurozone can stage a recovery.

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.