It was a choppy day for the pound yesterday, up following the granting of a three-month Brexit extension. However, the government’s motion for a 12th December election were rejected yesterday, as they failed to get a two-thirds majority in the House of Commons. This doesn’t mean that an election is off the cards, however, as the Prime Minister has said that he will try for a fourth time to propose an early poll.
Yesterday, the EU agreed to a longer, three-month extension until 31st January, despite reported opposition from France.
Don’t leave your money open to chance in this volatile time. Speak to your Personal Trader on 020 7898 0541 to secure a fixed exchange rate with a forward contract today.
Also, why not 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.
