Sterling up across the board

Good morning,

Brexit talks dominate the headlines once again this morning, with a deal that was expected to be announced via a press conference scheduled for 8am GMT this morning. As with all the Brexit deadlines of late, this is expected to slip to later in the day, as Boris Johnson and EU Commission President Ursula von der Leyen dot the i’s and cross the t’s of the trade deal via a phone call starting at 7am. Laura Kuenssburg of the BBC is reporting that there have been four calls between the two leaders to get the deal “over the line” before the 31st December cut off date.

Off the back of the latest developments, GBP/USD has again broken the 1.3550 barrier and GBP/EUR has passed through the 1.11 mark. The pound is up against all major currencies this morning, which could continue should the deal be officially announced throughout the course of the day. With the thinner liquidity in the market, moves will potentially be more exaggerated and sharper than normal.

Should the deal be officially announced, the respective parliaments will still be required to vote on the deal to put the 2,000-page document into law. Our opening hours over the festive period are as follows:

Thursday 24th December – 8.30 – 17.30
Friday 25th Christmas Day – CLOSED
Saturday 26th Boxing Day – CLOSED
Sunday 27th December – CLOSED
Monday 28th December – CLOSED
Tuesday 29th December – 8.30-17.30
Wednesday 30th December – 8.30-17.30
Thursday 31st December – 8.30-17.30
Friday 1st January – CLOSED
Monday 4th January – Normal hours commence

On behalf of everyone at WorldFirst, we wish you a happy festive period.

Jack Nicholls, Relationship Manager.

Whilst every effort is made to ensure the information published here is accurate, you should confirm the latest exchange rates with WorldFirst prior to making a decision. The information published is general in nature only and does not consider your personal objectives, financial situation or particular needs. Full disclaimer available here.