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Pound to Euro exchange rates see climb with the passing of Brexit Bill in House of Commons (Joshua Privett)

Thursday, February 9, 2017 2:22
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(Before It's News)

Whilst Donald Trump has made events in British politics seem
fairly calm and even dull in some instances, the last three days
have seen currency markets fixated on the debate in Parliament,
with Pound to Euro exchange rates enjoying a boost as a result.

The central feature of the debate was how much power the
Government had to act on its own.

To refresh the memories of Euro buyers, last October, Pound to
Euro exchange rates fell to 1.07 territory when Theresa May was
revealing almost no details about the upcoming Brexit negotiations,
and was given no real timeframes on how they would be
operating.

Since this date, the steps taken to change this have been
received very well by financial markets. GBP/EUR moved up to
some of the highest levels since the Referendum vote, and are
currently holding 10 cents higher than just three months
ago.

The Supreme Court rules that the Government would need the
permission of Parliament to trigger Article 50. Theresa May
outlined a timeframe for negotiations but admitted that getting a
‘full deal’ within that two year period seemed unrealistic and
pointed to a temporary deal to manage things for the interim
period.

This week this culminated in the promise by government that any
deal with the EU would have to be agreed in Parliament, again given
greater confidence to financial markets of oversight in the
process.

I am well positioned to inform anyone with a Pound to Euro
requirement of any tempting improvements which emerge, and you can
also secure exchange rates at that time for a future payment you
are planning. This is understandably a popular option with Article
50’s enactment in March being just around the corner.

Conversely, anyone with an Euro to Sterling interest is in
less of a rush from my perspective.

If you are planning to make a currency exchange
involving the Pound and the Euro, it’s well worth your time
getting in contact with me on  href="mailto:[email protected]" target=
"_blank">[email protected]
 in order to ensure you make
a well informed decision on when to make that particular transfer,
as well as benefiting from highly competitive exchange rates from
one of the UK’s leading foreign currency brokerages. Just provide
me with a basic outline of your currency requirement and I will be
back in touch with you as soon as possible.

I have never had an issue beating the rates of exchange on offer
elsewhere, therefore a short conversation could save you a
significant sum on an upcoming transfer.



Source: http://www.eurorateforecast.com/2017/02/09/pound-to-euro-exchange-rates-see-climb-with-the-passing-of-brexit-bill-in-house-of-commons-joshua-privett/

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