With less than two months to go until the UK is scheduled to leave the European Union, there is still no accord between the UK Parliament and the EU. Theresa May appears to be working twenty four hours a day to try and find a solution, but she needs both the EU and Parliament to agree to the deal.
With time running out before the 29th March 2019, Brexit date, an extension of the Article 50 deadline date is a possibility, and that will allow more time to try and sort out all the issues. If a long extension is granted could we be looking at a General Election or a new referendum? But Theresa May is saying that there will not be an extension to Article 50, so we are left with her deal, or no-deal.
Nothing is written in stone at this moment and that means uncertainty for the UK. In a recent Reuters poll it was found that if the UK leaves without a deal the Pound could fall up to 10% against the US Dollar, but if we leave with a deal a potential rise of 5% could be expected. The movement against the Euro would be less, as a no-deal is also bad for the EU.
With all this uncertainty, anyone with a currency requirement should speak to a company like Infinity International. Currency companies have plenty of options, including fixing rates and setting limits.
Finally, if you want a professional and personal service choose a company that is big enough to cope and small enough to deliver great customer service. At Infinity International we have offices in London, France, Portugal and Spain, and every client has their own expert Personal Consultant who will spend time understanding the needs and goals from the outset
To find out more about how much you could save on your next currency transaction or for a free no obligation consultation, contact the team at Infinity International by calling London +44 (0) 203 355 5377, Spain +34 966 260 777, Portugal +351 914 815 969 or France +33 (0) 4 22 84 02 26.
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