This time last year, the currency markets were focusing on what was likely to happen in the EU Referendum and we were using our Brexit Barometer to take a look at the potential impact this could have on the Pound. As expected, the vote to leave initially put significant downward pressure on Sterling, although it has recovered somewhat in recent months.
Now, with just three weeks until the UK goes to the polls again, the market focus is on whether Theresa May will achieve the significant majority that opinion polls currently suggest she could. We’ve created the HiFX General Election Seatometer to show how different election results could influence the Pound.
Watch our short video to find out what the General Election could mean for the Pound in the coming weeks:
Join the HiFX Economists to find out:
- How different scenarios could influence the Pound, using the HiFX General Election Seatometer:
- What potential curveballs could take the markets by surprise.
- Why businesses may wish to review their foreign exchange exposure now to protect themselves from currency volatility in the coming weeks.
Chris joined HiFX Financial Services (which in 2012 became HiFM) in 2003 helping corporate clients manage their FX risk. He has headed up the advisory business since 2006 and is now the managing director. Prior to this Chris traded Sterling for Barclays Capital.
Andy has been with the HiFX Group for the past 10 years providing guidance on currency risks to clients. With a wealth of knowledge and a real passion for the currency markets he joined HiFM in 2013 as an Associate Director advising clients on how best to manage their currency risk.
What’s on your mind?
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