CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

#IGForexChat 2: what effect will Brexit have on forex markets?

With Brexit negotiations expected to come to a head at the EU summit this week, IG’s Sara Walker will be sitting down with two forex experts to discuss how the meeting’s outcome could affect the markets. Join us live on Thursday 18 October at 6.30pm (UK time) and put your questions to the experts using #IGForexChat on Facebook or Twitter.

EU flag
Source: Bloomberg

The forex markets could be very volatile this week, with key pairs including GBP/EUR, GBP/USD and EUR/USD likely to move significantly after the EU summit on Wednesday and Thursday. The pound could drop if the meeting ends in uncertainty – for example, if the two sides decide they need more time to reach a final deal – or rise in value if a favourable deal is agreed. Of course, in the latter case, the response is likely to be somewhat muted given that it is not yet clear if there is a parliamentary majority for any version of Brexit in the UK.

The #IGForexChat live stream will be broadcast at 6.30pm (UK time) on Thursday 18 October – shortly after the meeting is scheduled to end. You can watch it via the trading platform, or our YouTube, Facebook or IGTV Twitter pages.

Who are the experts?

Simon French is the chief economist at UK merchant bank Panmure Gordon & Company and ranked as a top-five economist in the City’s Extel rankings. He previously worked as a senior civil servant, most recently at the Cabinet Office where he was chief of staff to the UK government’s chief operating officer (COO). He writes a monthly column for The Times newspaper.

Nicholas Cawley is a reporter for DailyFX, who specialises in analysing macro and micro events in the fixed income and foreign exchange sectors. He has nearly two decades of experience trading and broking a variety of fixed income products.

What will they talk about?

The discussion will cover a broad range of topics related to Brexit, including:

  • The ramifications of a ‘hard’ and ‘soft’ Brexit for the forex markets
  • Whether the pound and euro are trading at their ‘fair’ values
  • The potential effects of Bank of England (BoE) and European Central Bank (ECB) interventions over the next 12 months
  • The key pairs to watch in the coming year

Put your question to the experts

There will be a live Q&A during the session, so you can put forward any topics you’d like the experts to discuss, or any questions you want answered. Post your questions to the #IGForexChat Community page, or use #IGForexChat on Twitter or Facebook to get involved.


Find out what Brexit could mean for the markets and how a hard or a soft exit from the EU could affect traders.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

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