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12/11/2018 – This Morning’s Exchange Rates

• Posted by currencies in Rate Alerts
• November 12, 2018
• No Comments

The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us.

The British parliament will vote down Prime Minister Theresa May’s possible Brexit, so voters should be given a new referendum, May’s former education minister said this morning.

Asked if there was any chance May’s plan could pass parliament, Justine Greening, who supported staying in the European Union, said “no”.

“I think it’s the worst of all worlds,” Greening told BBC radio. “It leaves us with less influence, less controls over the rules we have to follow and … less credibility as a country in the rest of the world as they would see that we would be prepared to go for a bad deal and we shouldn’t have to do that.”

She said parliament was likely to reject “no deal” at the same time as voting against May’s proposal, and that there should be another referendum with Britons given three options: May’s deal, leaving on World Trade Organisation terms or remaining in the EU.

This little bit of news in the media has had an impact on Sterling prices, seeing it open lower than last week.

GBP/EUR 1.1408

GBP/USD 1.2846

GBP/AED 4.7114

GBP/AUD 1.7849

GBP/CHF 1.2958

GBP/CAD 1.6969

GBP/NZD 1.9117

EUR/USD 1.1254

GBP/ZAR 18.404