Foreign Exchange Daily Market Update 19/12/2016

Mon, December 19, 2016

EU Members Will Suffer After Brexit

Without Britain’s contributions, the rest of the EU members will need to get by on a smaller budget. When Britain leaves the EU there will be 7.9 billions Euros which will need to be filled by the remaining members.

Scotland will hold a new referendum on splitting from the U.K. unless it can remain in the EU, Nicola Sturgeon will warn this week, adding to the tension on Theresa May as the U.K. prime minister draws up procedures for Brexit.

Nicola Sturgeon will state suggestions for a new arrangement with the U.K. to permit her country to stay within the EU after Brexit, even if the London government drags England out. Voters in Scotland chose to remain in the EU in June’s referendum and now face being pulled out against their wishes by votes cast in England.

The Pound was little changed against the Dollar and the Euro, trading at 1.2472 & 1.1923.

Data to look out for today.

Not Much Data Out Today

CURRENCY PAYMENTS MADE SIMPLE

PRESS RELEASE

KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html

Data Releases