Blog

19/08/2019 – This Morning’s Exchange Rates

• Posted by currencies in Rate Alerts
• August 19, 2019
• No Comments

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.

In a no-deal Brexit the UK will be hit with fuel, fresh food and medical shortages along with a three-month period of chaos across ports, with a hard border in Ireland, leaked documents reveal.

The leaked documents were written by the Cabinet Office and are called “Operation Yellowhammer” which was published by the Sunday Times.

The newspaper was told by a senior Whitehall source, “This is not Project Fear, this is the most realistic assessment of what the public face with no-deal.

“These are likely, basic, reasonable scenarios – not the worst case.”

These leaked documents offer the most detailed assessment of the UK’s readiness for leaving the

bloc with a Boris Johnson no-deal Brexit “do or die.”

Contingency planning has been hampered by increased “EU exit fatigue” as businesses and the public are by in large not prepared for a no-deal Brexit, the government documents warn.

The Cabinet Office documents further warns there could be a return of a hard border in Ireland with current plans to avoid checks on the border that will be “unsustainable.” This could lead to road blockages, protests with “direct action.”

Some 85% of lorries using the Channel crossing “may not be ready” for French customs which may well see delays of up to two and half days. There will be months of border delays which will lead to fuel and fresh food shortages in London and the South East, the documents say.

As three quarters of medicines travel through the Channel crossing to the UK medical supplies will “be vulnerable” with “severe extended delays.”

GBP/EUR 1.0905 GBP/USD 1.2115 GBP/AED 4.4427

GBP/AUD 1.7901 GBP/CHF 1.1849 GBP/CAD 1.6076

GBP/NZD 1.8903 EUR/USD 1.1094 GBP/ZAR 18.517