{"id":72394,"date":"2020-12-22T18:07:59","date_gmt":"2020-12-22T18:07:59","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72394"},"modified":"2020-12-23T13:36:59","modified_gmt":"2020-12-23T13:36:59","slug":"pound-traders-brace-for-tense-week-as-brexit-talks-continue","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/","title":{"rendered":"Pound traders brace for tense week as Brexit talks continue"},"content":{"rendered":"\n

Sterling traders are gearing themselves up for another nervy week amid fears that a collapse in Brexit talks could spark a sharp sell-off in the pound.<\/p>\n\n\n\n

Negotiations are ongoing, but noises from both camps suggest they remain stuck on fishing rights and competition policy.<\/p>\n\n\n\n

British health secretary Matt Hancock this morning told Sky News that the European Union was making \u201cunreasonable\u201d demands.<\/p>\n\n\n\n

France appears to be taking a tough stand on fishing rights, arguing that it will not take a sub-standard deal.<\/p>\n\n\n\n

The pound is currently trading at around two year highs of around $1.35. Yet it slipped back from even higher towards the end of last week as doubts about a Brexit deal emerged.<\/p>\n\n\n\n

No-deal Brexit: Pound could hit $1.15 or lower<\/h3>\n\n\n\n

Economists at consultancy Capital Economics said last week that the pound could tumble to $1.15 in the event of a no-deal Brexit.<\/p>\n\n\n\n

To find out more about how we can assist you with your Second Charge Mortgage please click here<\/a><\/em><\/p>\n\n\n\n

Such an outcome would lead to disruption for businesses as well as higher tariffs for certain sectors. The UK\u2019s budget watchdog has said it could knock two per cent off the economy next year.<\/p>\n\n\n\n

Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said no deal could see sterling fall to $1.23. He said it could fall to about \u20ac1.04 against the euro, from its current price of \u20ac1.103.<\/p>\n\n\n\n

Nomura currency analyst Jordan Rochester said the pound could even plunge to $1.01 in a worst-case scenario where \u201ccapital markets struggle to function\u201d amid financial disruption.<\/p>\n\n\n\n

However, Tombs said the pound was \u201cless vulnerable\u201d than in 2016, when it dropped sharply after the Brexit referendum.<\/p>\n\n\n\n

He said it is now less dependent on external finance thanks to a lower current account deficit. And he said the Bank of England also has less scope to cut interest rates, which would hurt the pound.<\/p>\n\n\n\n

Analysts and investors are torn on whether the UK and EU will reach a deal. Analysts at UBS said that if a deal is struck and vaccines aid the economy then sterling could hit $1.37 by the end of 2021.<\/p>\n\n\n\n

By Harry Robertson<\/em><\/p>\n\n\n\n

Source: City AM<\/a><\/p>\n\n\n\n

Discover our Mortgage Broker<\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Sterling traders are gearing themselves up for another nervy week amid fears that a collapse in Brexit talks could spark a sharp sell-off in the pound. Negotiations are ongoing, but noises from both camps suggest they remain stuck on fishing rights and competition policy. British health secretary Matt Hancock this morning told Sky News that […]<\/p>\n","protected":false},"author":1,"featured_media":72295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2105,2110,2075],"yst_prominent_words":[1332,875,500,1252,1616,616,33,111],"acf":[],"yoast_head":"\nPound traders brace for tense week as Brexit talks continue<\/title>\n<meta name=\"description\" content=\"Economists at consultancy Capital Economics said last week that the pound could tumble to $1.15 in the event of a no-deal Brexit.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pound traders brace for tense week as Brexit talks continue\" \/>\n<meta property=\"og:description\" content=\"Economists at consultancy Capital Economics said last week that the pound could tumble to $1.15 in the event of a no-deal Brexit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/\" \/>\n<meta property=\"og:site_name\" content=\"Second Charge Mortgage UK\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-22T18:07:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-23T13:36:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/09\/eu-1473958_960_720.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"639\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\",\"name\":\"UK Mortgage Broker\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/01\/transparent.png\",\"width\":726,\"height\":334,\"caption\":\"UK Mortgage Broker\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Second Charge Mortgage UK\",\"description\":\"Mortgage Solutions for Clients with Adverse Credit\",\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/secondchargemortgageuk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/09\/eu-1473958_960_720.png\",\"width\":960,\"height\":639,\"caption\":\"No-deal Brexit UK economy pound\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#webpage\",\"url\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/\",\"name\":\"Pound traders brace for tense week as Brexit talks continue\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#primaryimage\"},\"datePublished\":\"2020-12-22T18:07:59+00:00\",\"dateModified\":\"2020-12-23T13:36:59+00:00\",\"description\":\"Economists at consultancy Capital Economics said last week that the pound could tumble to $1.15 in the event of a no-deal Brexit.\",\"breadcrumb\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/\",\"name\":\"Pound traders brace for tense week as Brexit talks continue\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#webpage\"},\"author\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\"},\"headline\":\"Pound traders brace for tense week as Brexit talks continue\",\"datePublished\":\"2020-12-22T18:07:59+00:00\",\"dateModified\":\"2020-12-23T13:36:59+00:00\",\"commentCount\":0,\"mainEntityOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#primaryimage\"},\"keywords\":\"Brexit,British pound,uk economy\",\"articleSection\":\"Second Charge Mortgage UK\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/pound-traders-brace-for-tense-week-as-brexit-talks-continue\/#respond\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\",\"name\":\"Marketing\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/58097a1900583ccc6a78711c63c1b8f7?s=96&d=mm&r=g\",\"caption\":\"Marketing\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72394"}],"collection":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/comments?post=72394"}],"version-history":[{"count":2,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72394\/revisions"}],"predecessor-version":[{"id":72400,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72394\/revisions\/72400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media\/72295"}],"wp:attachment":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media?parent=72394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/categories?post=72394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/tags?post=72394"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/yst_prominent_words?post=72394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}