Profile image
By Euro Rate Forecast (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Will GBP/EUR return to its pre-Brexit levels once the Brexit begins? (Joseph Wright)

Tuesday, February 28, 2017 2:29
% of readers think this story is Fact. Add your two cents.

Last week the Pound to Euro exchange rate hit its highest level so far in 2017 despite the beginning of the Brexit being just around the corner.

This is a promising sign for those hoping the Pound will recover and return to it’s pre-Brexit levels, and those investors will also have been buoyed by the bullish price forecasts for the Pound from Morgan Stanley over the past weekend.

Over the past weekend analysts at Morgan Stanley suggested that the Pound is ‘the most undervalued major currency in the world and will rebound to its pre-Brexit levels’. The analysts also added that both the invocation of Article 50 and the risk of the UK leaving the single market without a trade deal in place have already been priced into the market.

The bullish outlook from Morgan Stanley differs to many analysts predictions this year which generally envision a fall for the Pound as the Brexit process begins.

Personally I think that trade negotiations between the UK and EU, particularly regarding the rights of Brits within the EU and the rights of EU citizens in the UK, will take center stage and be a key talking point over the next few months. Talks along these lines are likely to impact Sterling’s value and there is already talk of UK PM, Theresa May will announce the end of free movement for new EU migrants on the same day she formally triggers the Brexit.

If you are planning to make a currency exchange involving the Pound and another foreign currency, it’s well worth your time getting in contact with me on 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.


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.