Blog


Pound Stagnates

The pound remained stuck near a one-week low this morning with a lack of progress in Brexit talks prompting concern that a vote on Prime Minister Theresa May’s deal could be delayed.

Talks between May’s top government lawyer and European Union negotiators to win concessions from the bloc on Brexit ended on Tuesday without agreement and no breakthrough is expected before the weekend.

EU have said that talks did not go well.

Britain is due to leave the EU in 23 days and sterling investors are on edge. The pound has dropped this week as doubts mount over how, or possibly even if, Britain’s exit will take place.

A poll found that most economists thought Brexit would be delayed by a few months and the two sides will eventually agree a free-trade deal.

May has offered lawmakers the chance to seek to prevent a no-deal departure and to delay Brexit if parliament rejects the deal in a vote she has promised to hold by March 12.

 Even if a no-deal Brexit is taken off the agenda next week, the uncertainty of what would happen in case of a postponement remains. Pound traders cannot ignore this fact … things remain tense for sterling.

Leave a Reply

Your email address will not be published.

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited and Equals Connect Limited. Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number: 900199. Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Payment services for Currencies 4 You Ltd are provided by Sciopay Ltd. Sciopay Ltd is a company incorporated in England & Wales. Registration No: 12352935. Sciopay Ltd is licensed and regulated by HMRC as a Money Service Business (MSB). Licence No: XCML00000151326. Sciopay Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution. Firm Reference Number: 927951. | Terms and Conditions | Privacy Statement | Careers