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2020 GBP to HKD Exchange Rate

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  1. #31

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    Quote Originally Posted by jdf21st
    Pound hit 34 year low on 11th August - about US$1.2080 / HK$9.42 as hard Brexit seemed increasing reality. Forecasters said if it occurs expect £ to hit US$1.10. UK will leave EU on 31/1/2020 as stated above but terms to be finalised by 31/12/2020 - BoJo says will bar any negotiation beyond that date by law to be introduced (listen to Queen’s speech, possibly tomorrow??) So hard Brexit still a possibility. Projection? Volatility - others may comment on how you trade that.
    Dead in a ditch???

    Unless there is a hard deadline these things drag on. I suspect 18 months to get the deal done with 2 extension of the hard end date.

  2. #32

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    Watch Queen's Speech today for some pointers on policy. BoJo said on Tuesday will make negotiations beyond 31/12/2020 illegal.


  3. #33

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    Quote Originally Posted by jdf21st
    Watch Queen's Speech today for some pointers on policy. BoJo said on Tuesday will make negotiations beyond 31/12/2020 illegal.
    Means something, but not a lot. Parliament can reverse the bill later and make getting an extension legal again. Still, it helps focus minds a little.

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