With the Brexit debacle ongoing, the can having been kicked down the road until Halloween, if not even longer, it’s interesting to watch how currency values have been affected.
Not much really is the honest answer. Why? Because the uncertainty of it all persists. Will they won’t they. What’s going to happen now.
Volatility on the currency markets is also at its lowest since 2014, but analysts warn that this could be the calm before the storm.
With the political football up in the air re elections - UK and European - referenda, and also re personnel - leadership challenges and the like - no-one knows where the chips are going to fall.
So at the time of writing, the pound sterling was trading at around €1.16 on foreign exchange markets. A little down for sterling on last month.
