GBPEUR crashing due to Brexit! (Dayle Littlejohn)

This week GBPEUR has fallen from 1.2760 to 1.2560 making a €200,000 purchase just under £2,500 more expensive and I believe this trend will continue all the way up until June 23rd when the UK hold their referendum. Quite simply if the UK left the EU I believe GBPEUR exchange rates could drop to 1.10 where as if the UK were to remain a part of the European Union we could see a bounce back towards 1.30.

Tata Steel has been in the spotlight this week exclaiming they could be closing Port Talbot which means thousands of jobs would be lost. They are suggesting the plant is making a loss however I believe confidence has been lost in the UK because of the possible ‘Brexit’ and this could be the first company of many that suggest they could be taking their business elsewhere.

As for the ‘Brexit’ a recent poll by Ipos MORI showed:

• 49% remain part of the EU
• 41% Leave the EU
• 10% Unsure

Polls can be misleading as seen when the UK held their Election last year. However I am not surprised to see the Pound lose value when Polls are suggesting a ‘Brexit’ is likely.

If you are looking to buy or sell Euros this year, the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales. Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on [email protected].

The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.