20 March, 2018

Pound Sterling to rally depending on Brexit progress

Investment experts announce Pound Sterling is expected to rally if progress on Brexit continues.

On Monday, European Union chief Brexit negotiator Michel Barnier confirmed that a huge portion of work has been completed for a Brexit deal.

Investment experts suggest that by looking at indicators such as the exchange rate in the scale of hard to soft Brexit, it is currently indicating a hard Brexit and that if progress of the Brexit deal continues, and Brexit shows signs of softening, the Pound Sterling is expected to rally. They also say that after it became known that a Brexit deal was underway, the Pound Sterling recovered slightly against the Euro, however, it cannot compare to the recovery of the Pound against the Dollar.