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Brexit Referendum & the British Pound

Sat Apr 02, 2016 3:55 pm

The build up to the EU referendum on 23rd June is having a big impact on the currency markets. Since the beginning of the year, the Pound has fallen to its lowest level in seven years against the Dollar, and its lowest level in more than a year against the Euro. In the event of a Brexit, HSBC forecasts that the Pound could fall by up to 20% against the Dollar due to the uncertainty the UK economy would face, with other global banks expressing similar sentiments.1

Unsurprisingly, we’ve had a lot of calls from our customers asking us how they should handle their current and future currency purchases during this period of uncertainty. To help you make an informed choice, we’ll be sharing a series of updates here over the coming weeks to make sure you’re aware of important events that will impact the GBP/EUR rates.

Many people are searching for answers about what the result will be and what this will mean for them. We hope these updates will help you to make more informed decisions about your currency purchases, but without a crystal ball they won’t give you all the answers.
http://www.hifx.co.uk/blog/europe/when- ... eferendum/
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Re: Brexit Referendum & the British Pound

Mon Apr 04, 2016 6:00 pm

i guess UK will stay in the EU. just my feeling ;)
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Re: Brexit Referendum & the British Pound

Sat Oct 22, 2016 9:41 pm

It didn't. 8-)

Pound got punded badly. First 1.30, and then it is around 1.22. I think it will go as low as 1.10 in the next year.

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Re: Brexit Referendum & the British Pound

Sat Oct 22, 2016 10:26 pm

The pound has taken a beating already and was trading at under one Euro at airports recently. The uncertainty is killing it and it could go further down if a deal with the EU goes sideways. It doesn't help that Scotland has now said they're having a second referendum
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klaaas
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Re: Brexit Referendum & the British Pound

Sat Oct 22, 2016 11:33 pm

When it gos how it now already is going it will a plumb for the pound.

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