Brexit yet to slow down FTSE growth

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Exciting times lie ahead for the Great Britain that we all once knew, for better or worse.

Whichever way you decided to vote in the EU referendum in June 2016, it is likely that the markets and exchange rates are likely to rapidly change over the next few years. Not just for the Great British Pound, but for other markets across the channel and the Atlantic.

Those changes have not started yet as the FTSE 100 has recorded its fourth straight quarter of gains.

Reuters reported that the GBP rose 2.8 percent from January until March 2017.

Doubts still exist as to whether this form of growth will continue as Brexit negotiations continue, with David Davis leading Britain’s departure.

He will be hoping to get as best a deal as possible for leaving with Michael Barnier leading those negotiations for the European Union.

One of the main things that needs to be negotiated is a free trade deal. If talks break down between the pair it could affect Britain’s economy, with the Pound’s strength threatened by a lack of trade.

Only time will tell what the future holds for Britain’s currency, but the time has never been better since June for exchanging currency.

Be sure to check out our exchange rates if you’re looking at booking holidays before the UK permanently leaves the European Union.

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Posted by Matthew Weston


Matt is a Freelance Writer and Travel Blogger. He also creates editorial and video content for UNILAD. Previously worked for the International Business Times and the BBC's Newsnight.

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