1 week on – BREXIT impact on Currency
EURGBP rates have climbed over 10 cents within the last week giving anyone with euros to sell and pound to buy the best levels in over 2 years! Spikes in the market are normally when the levels reach their peak so if you are considering taking advanatage, sooner rather than later may be a wise move. To take advanatage quickly contact myself STEVE EAKINS via [email protected]
What is to come?
Well the uncertainty is huge in the market at the moment as to the fall out from the vote just one week ago. When will the UK leave, will the UK break up, will other members states follow and leave? I personally don’t expect any of these questions to be answered within the next 6 months as political uncertainty in the UK delays the process and the Article 50 being issued. What is worth being proud of in the UK, if you are a Brexiteer or a Remainer, is the level of transparently in UK politics and the democratic process which is being followed. There are no guns, no violence and no arrests like in other parts of the world. This process is open and clear as we open our papers on a daily basis and see the stepping stones being taken.
Will other members vote to leave?
Considering what the UK is going through and yet to start, there has been a raise in interest from other right wing parties across the EU block calling for referendums of their own if they are elected. In the UK a major talking point was that of emigration which would certainty be a unique agreement if the EU gave the UK free access to trade and a lower emigration level. The EU has to be careful in how they balance their response as this could easily raise interest in other member states to follow suit. It seems clear that any deal that takes place has to work for both the UK and the EU moving forward, a big ask when looking at the key points in for discussion.
If you would like more information on these points please feel free to get in contact with myself – STEVE EAKINS – [email protected]
Source: http://www.eurorateforecast.com/2016/06/30/1-week-on-brexit-impact-on-currency/
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Whistler Blowers, Insiders
The first week after Brexit was very much expected, as things were still in doubts and worries, and we saw that only. Now, I believe this week is going to be another big one with NFP, so it is going to be seriously important that we keep our self on right track and only then we could find things working well for us. I always try to keep myself secure and that’s with help of OctaFX broker using their rebate program where I get 50% back on all trading orders, so that’s seriously handy!