Introducing the XE Brexit Barometer

With the “meaningful vote” in the UK Parliament on Tuesday the 11th and the final EU summit on the 13th and 14th of December, individuals businesses should be prepared for all possible outcomes given there is a strong possibility the vote will fail in the UK parliament.  

The Pound has been negatively affected by ongoing concerns of a disorderly Brexit.

If the draft Brexit deal is not passed through the House of Commons, our experts see four potential scenarios:

• Disorderly/Hard Brexit

• Delay departure, seek an extension of Article 50 or revoke Article 50 and stay in the EU

• Put to vote – hold another public referendum/force a general election

• Try another attempt to get a majority in the house of commons

With the BoE’s financial assessments of the potential outcomes of the vote failing fresh in our memories, the XE Brexit Barometer has been developed by our currency experts and looks at the potential impact this could have on the pound in relation to the uncertainty surrounding the outcome.

As Theresa May tours the country in the lead up to the “meaningful vote” on the 15th of December, we can expect to see significant volatility in Sterling, in the event of a ‘disorderly Brexit”.

Whatever happens, our currency experts will monitor events as they happen.

Nobody has a crystal ball which will enable them to predict for sure what will happen next. It is challenging to foresee how the UK will be impacted once a deal has, or has not, been reached. It is reasonable to assume that there will be volatility for the Pound whilst the deal is being negotiated.

You can view our Countdown to Brexit Timeline here:

We can be your eyes and ears in the market, with a range of currency tools to help you monitor market movements. With an XE Money Transfer account, you can also create personalized Rate Alerts to let you know when your desired exchange rate becomes available.

If you’d like to discuss your situation with us in more detail, please contact the XE Money Transfer customer care team. We will be happy to help you through your registration and transfer process.

Whatever happens, our currency experts will be monitoring events as they happen.

• XE, its officers, employees and representatives accept no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information. *

While we take reasonable care to keep the information on the website accurate and up to date, there may be occasions when this is not possible. Case Studies and articles are not intended to predict future moves in exchange rates or constitute advice.  

XE makes no representations, warranties, or assurances as to the accuracy or completeness of any information derived from third party sources. If you are in any doubt as to the suitability of any foreign exchange product that you are intending to purchase from XE, we recommend that you seek independent financial advice first.

For more information about XE, please click here: Regulatory Information