Should I formulate a strategy before the 11^th December?

Quite simply, yes! If you are planning a currency transfer in the short, medium or long term, today is the day to get in touch with your broker to discuss a strategy.

There are two outcomes that could materialise on the 11^th December. Either Theresa May gets a deal through Parliament, which is likely to help the Pound gain value against the major currencies, or Theresa May fails to get Parliaments approval, which could cause the Pound to crash and then anything could happen.

In my opinion I believe Theresa May’s position as Prime Minister will be coming to a close as she has run out of time and her plan quite simply does not cut it with MPs. Short term I expect she would try to renegotiate with Brussels but the likelihood is she will not get further concessions which therefore would lead to her resignation. Hardline Brexiteers will feel that a hard Brexit is more likely, but then at the same time remainers will feel that a people's vote could be on the cards. Either way, the uncertainty will cause problems for the Pound and I expect Sterling will hit multi year lows.

If you are planning on making a currency transfer which involves buying or selling pPunds and you have budgeted on currenct levels, anything could happen therefore the safe option is not to gamble and get something purchased before December 11^th.

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