Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.
Britain’s economy would face a “significantly worse” outlook if the country leaves the European Union next year without a deal than if it reaches a Brexit agreement, the International Monetary Fund said this morning.
The IMF said it expected Britain’s economy would grow by about 1.5 percent a year in 2018 and 2019 if a broad Brexit agreement was struck.
Britain is due to leave the EU in March next year, but London and Brussels have yet to strike a deal to secure a transition period. Prime Minister Theresa May is hoping to make progress towards a deal when she meets fellow EU leaders this week.
Britain’s economy — the world’s fifth-biggest — slowed after the 2016 referendum decision to leave the EU and it continues to be outpaced by most other rich nations.
However, stronger-than-expected data last week showed the economy had its fastest growth in nearly a year, helped by the World Cup and hot summer weather.
Main UK data this week is Wednesday we have the Inflation data followed by Retail Sales Data on Thursday morning.
GBP/EUR 1.1229
GBP/USD 1.3087
GBP/AED 4.7907
GBP/AUD 1.8252
GBP/CHF 1.2625
GBP/CAD 1.7060
GBP/NZD 1.9932
EUR/USD 1.1641
GBP/ZAR 19.580