Profile image
By Pound Sterling Forecast (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

A tough week for sterling (Dayle Littlejohn)

Friday, January 13, 2017 3:49
% of readers think this story is Fact. Add your two cents.

UK Prime Minister told Sky last week that she didnt want to keep bots of the EU which confirmed she plans to remove the UK from the single market. The pound has been in a steep decline since. The PM has blamed the press for the pounds demise however I believe if she continues with her tone exchange rates will fall.

She is set to hold another press conference Tuesday, with the agenda simply Brexit. Many leading economists and CEOs of businesses within the UK have warned the PM that she needs to give clear direction in the upcoming weeks.  HSBC leading officials have gone one step further and warned the PM that her actions could push the bank to move their headquarters to Paris, which means many jobs would be lost for the UK.

As for UK economic data since the turn of the year, figures have been strong however the pound has declined. It just shows that politics/ Brexit is outweighing economic data releases.

If you have a foreign currency to buy this month I would recommend getting in touch to discuss your options as I expect the pound will fall in value once more after the PMs press conference Tuesday.

When buying or selling the pound you also need to understand the factors that will be impacting the other currency. Feel free to email me the currency pair you are converting (GBPUSD, GBPAUD, GBPCHF etc) the reason for your conversion (company invoice, buying a property) and I will email you with my forecast for the currency pair and the process of using our company

For the readers reference the company I work for on a daily basis save clients money on currency transfers. If you are planning a transfer and are using your bank or another brokerage, I would reccomend getting in touch for a forecast and at the same time compare of exchange rates. This is free of charge and will take you a few minutes.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


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



Top Global

Top Alternative



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.