Theresa May plays down 'deal or delay' reports

Hi everyone,


The investment banking division of RBS & NatWest have today released their statement on Brexit. They believe a no-deal scenario will be avoided and that Sterling will peak June/July (£-€1.18/£-$1.35), before dropping off later in the year. 

These views are in-line with HSBC's forecast who think there is now a 55% chance of a new deal going through. Both are expecting if May's new deal isn't accepted/passed, that a 3-month extension will take place. Either way, it looks as if they have set their sights on a stronger £ in the coming months. 

Theresa May told Parliament yesterday that if no deal has been agreed by 26th February, Parliament will be given the opportunity to have a say on the way forward. We would once again then expect more tabled amendments, but this time with a request to delay Brexit being voted in. This would be positive for the Pound.

Image Image
Governing Bodies and Registrations

Excel Currencies are a fully Authorised Payment Institution with the UK Financial Conduct Authority. ( Ref: 911228) and HM Revenue & Customs (MSB No: 12190705) as a Money Services Business. Excel Currencies ltd are also members of the UK Money Transfers Association (MTA) and the Association of International Property Professionals (AIPP).

Security of Funds

Excel Currencies ltd operate a Safeguarding Client Account System which protects all funds in these accounts against any liabilities that Excel Currencies ltd may have.

Excel Currencies Ltd, Enterprise House, 8 Essex Road, Dartford, Kent DA1 2AU

Registered in England and Wales, No. 05171054

Copyright © Excel Currencies Ltd 2020. All Rights Reserved.

Help Options Available

Contact Us

Live Chat OFF Live Chat ON