Visitors Now:
Total Visits:
Total Stories:
Profile image
By Euro Rate Forecast (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Will Sterling lose the recent gains its made? (Joseph Wright)

Tuesday, November 15, 2016 10:57
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Sterling’s recent recovery took a knock during today’s trading session, with the GBP/EUR pair dropping by over 1% at one stage.

The GBP/EUR pair had been trading close to 1.17 for the first time in almost 2 months earlier this week, and then overnight the ‘Brexit’ made the headlines once again and as with most Brexit headlines the Pound subsequently dropped. In fact the only time a Brexit headline doesn’t seem to result in Sterling weakness is when there’s talk of it not going ahead.

Today’s drop can be attributed to a leaked memo which showed high-level cabinet splits regarding the Brexit strategy. The memo also alluded to an additional 30,000 extra civil servants needed to fulfill Brexit related projects.

Sterling sellers have been presented with a lift recently and some of those gains are still available. Should Brexit begin to dominate the headlines once again now that the positive effects the Trump election on the Pound are dwindling, I expect the Pound to return to the levels we saw prior to Trumps victory.

If you want to be kept up to date on the markets and you would also like to ensure that you are getting the very top levels of exchange for an imminent currency transfer or even a longer term one then I can help you with this.

Not only do we give clients up to date market information but we all work for one of the largest and longest serving currency brokerages in the U.K, so even if you have dealt with your current broker or bank for a long time I would be surprised if I could not show you a saving over what they are offering you – You can email me (Joseph Wright) directly on jxw@currencies.co.uk  and I will be more than happy to contact you personally to discuss the various options we have available to you.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.