No Deal: What could this mean for my FX transfers?

Back in January of this year, when the Brexit date was set at 29 March 2019, we looked at the potential impact of the Brexit agreement on the Pound in the result of a ‘Soft’ or ‘Hard’ Brexit, using the XE Brexit Barometer.

Now with the process being delayed to 31 October, there is still uncertainty regarding how the UK will leave the EU, with Michael Gove confirming that the UK is ‘working on the assumption’ of a no-deal.

This year, the pound has been negatively affected by ongoing concerns of a disorderly Brexit and political uncertainty. What we do know is that you should prepare for all outcomes. So how can you prepare for a deal or no-deal Brexit?

What could happen to GBP on the 31st October?

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