News1 min ago
No Deal Brexit, Could Pound Fall ?
10 Answers
ive irish euros waiting to get transfered to uk to buy home, just wondering if no deal could gbp fall badly which would benefit me.
if it did fall what likely it could as low as , maybe below as the euro ?
what about house prices in uk, would they stay same ?
if it did fall what likely it could as low as , maybe below as the euro ?
what about house prices in uk, would they stay same ?
Answers
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Pound probably would fall in a No Deal Brexit, at least to start with. Every time chances of No Deal appear higher the pound plummets, and every time the chances appear lower it booms up again. But in an actual, long-term, No Deal UK, I don't think anyone can tell you much more than the initial market reaction with confidence. In the short term it will be chaotic.
well of course it depends on the pile of euros that you have ( they dont have nationality as far as I can see).
Soros made a billion out of uncertainly and the ERM and foolish now Lords Lamont 1992. Of course he started with billions and bet the right way.
Uncertainty means lower stock prices and house prices and we have that now.
as the pound falls - it aint gonna rise on no deal in the short term innit?
the stock market will rise because so many multinationals are priced in dollars
house prices are low and sales volume static or low
and secondly London prices are on their own
erm that is enough analysis - you have to make the decision on what you think are the variables and how they will react -
Soros made a billion out of uncertainly and the ERM and foolish now Lords Lamont 1992. Of course he started with billions and bet the right way.
Uncertainty means lower stock prices and house prices and we have that now.
as the pound falls - it aint gonna rise on no deal in the short term innit?
the stock market will rise because so many multinationals are priced in dollars
house prices are low and sales volume static or low
and secondly London prices are on their own
erm that is enough analysis - you have to make the decision on what you think are the variables and how they will react -
It could fall, yes. It could rise, too.
Right now is the worst time in the last year to convert euros to pounds, so you'd think there will be some point in the next couple of weeks when it will be a lot better. I would talk to whoever's doing your currency conversion and get some advice. It could make thousands of pounds difference to you.
Right now is the worst time in the last year to convert euros to pounds, so you'd think there will be some point in the next couple of weeks when it will be a lot better. I would talk to whoever's doing your currency conversion and get some advice. It could make thousands of pounds difference to you.
A number of reasons. Many assumptions about how Brexit will go could be factored in to the current exchange rate. If it goes significantly differently to those assumptions - e.g. we end up Remaining, or looking like Remaining - then sterling could rise.
Also, Brexit damages both the UK and EU. So both may fall against the dollar. The assumption is that the pound would fall more than the euro, meaning the pound fell against both the dollar and the euro whereas the euro actually rose against the pound whilst falling against the dollar. But again, as events play out this situation may be reversed.
If the exchange rate you can get is currently 1.17 and you hope for it to be 1.13 for your exchange, tell your currency dealer that and take their advice. But also know what you'd want to do should it hit, say, 1.20 as the date you need to make the exchange approaches. Such an arrangement, specifying a best and worst price for you, might be called a collar. Again, talk to your dealer.
Also, Brexit damages both the UK and EU. So both may fall against the dollar. The assumption is that the pound would fall more than the euro, meaning the pound fell against both the dollar and the euro whereas the euro actually rose against the pound whilst falling against the dollar. But again, as events play out this situation may be reversed.
If the exchange rate you can get is currently 1.17 and you hope for it to be 1.13 for your exchange, tell your currency dealer that and take their advice. But also know what you'd want to do should it hit, say, 1.20 as the date you need to make the exchange approaches. Such an arrangement, specifying a best and worst price for you, might be called a collar. Again, talk to your dealer.
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