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Pound soars after Brexit bill breakthrough, will the upward trend continue? (Joseph Wright)

Pound soars after Brexit bill breakthrough, will the upward trend continue? (Joseph Wright)
November 29
18:09 2017

The Pound spiked upward today across the board of currencies today, after speculation of a final agreed amount for the Brexit bill has supposedly been agreed.

The figure is rumoured to be around the £50bn mark and the markets have welcomed the news, as the likelihood is that that the path of trade negotiations will now be cleared.

Up until now this has been a sticking point, so I think that should the rumours be true and the figures be made official, I wouldn’t be surprised to see the GBP/CHF rate continue to climb and reach levels of 1.35 once again, which is a level not seen since before the Brexit vote last year.

There is little economic data out for the rest of the week from a UK perspective, so moving forward I expect to see the Pound continue to be driven by sentiment.

If you have an upcoming currency requirement involving the Pound and the Swiss franc, and would like to be kept updated regarding any short term price changes, do feel free to get in touch with me and register your interest.

If you have a large currency exchange to carry out in the coming days, weeks or months then you are more than welcome to speak with me directly as I will be more than happy to help you both with trying to time a transaction and getting you the top market rate when you do come to buy your currency. A small improvement in a rate of exchange can make a huge difference so for the sake of taking two minutes to email me you may find you save yourself hundreds if not thousands of Pounds. You can email me (Joseph Wright) on jxw@currencies.co.uk and I will endeavour to get back to you as soon as I can.

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Joseph Wright

Joseph Wright

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