GBPEUR plummets due to Theresa May

UK Prime Minister Theresa May delivered a Brexit speech yesterday which was interrupted by a prankster who gave Theresa May a fake p45 and claimed it was from Boris Johnson. The prime minister tried to stay composed however she failed to keep it together and the speech has left investors questioning will the Prime Minister last much longer.

Some Conservative MPs have rallied behind Mrs May however it’s being reported that dozens of Conservative MPs are asking the Prime Minister to step aside.  Bookmakers Betway have now cut odds to 5/6 that Mrs May will resign before the next election.

In other news Germany’s BDI industry associate has warned UK companies to make provisions of a very hard Brexit as the UK government is lacking a clear concept on Brexit. This has caused the pound to plummet in value against the Euro and GBPEUR exchange rates have now lost over 2 cents in the matter of a few trading days.

This afternoon Bank of England member Andy Haldane is set to address the public if he continues with the Bank of England stance of raising interest rates  short term sterling could potentially recover some of the losses.

For further information in regards to GBPEUR exchange rates feel free to email me with the reason for the transfer (company goods, property purchase) and timescales you are working to and I will respond with the options available to you and the process of using the company I work for drl@currencies.co.uk. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn.

** If you are already using a brokerage and would like to know if you are receiving the best rates possible email me with the exact figures and I will reply with our live price. This will take you a few minutes and in the past I have saved clients thousands! **

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