Morning Update – Mission Impossible

Morning all

Lots that has been going on behind closed doors, however nothing that we the ‘joe public’ are privy to.

GBP & EUR

We really are at a knife edge at the moment and we are still no clearer with only 8 weeks to go.

Clients constantly are asking 1FX what would happen if we leave or stay in the EU. Simply put, GBP will gain 2/5 percent if Britain parts way with the EU with a divorce deal but will slide between 5/10 percent in the event of a disorderly Brexit.

Markets are holding out for a last minute breakthrough, but don’t be caught out with this, we suggest putting some cover in place regardless of what side of the market your business is positioned.

Will leave you with this:


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