High Low     High Low
EUR/USD 1.1275 1.1236   USD/ZAR 14.79 14.65
GBP/USD 1.4711 1.4639 GBP/ZAR 21.74 21.47
EUR/GBP 0.7689 0.7653 USD/ILS 3.8684 3.8515
GBP/EUR 1.3067 1.3006 S&P 500 2092 285
USD/JPY 104.86 104.35 Oil (Brent) 51.61 50.87
GBP/AUD 1.9725 1.9609 Gold 1271.0 1261.0
        USD/NGN yesterday’s close   340
Please get in touch with us if you need the latest USD/NGN price  


Did you manage to watch the debate last night on BBC? Terrific viewing. But one thing kept coming up, TAKE CONTROL VOTE OUT. Huh? Take back control of WHAT. The LEAVE camp are living in cloud cuckoo land!! Do they honestly think that by leaving the EU the UK will suddenly be able to dictate terms and throw their weight around? It is bordering on pure crazy. The EU and USA have been extremely vocal about keeping the UK in the EU so trust me when I say this, there will be MASSIVE REPURCUSSIONS by both the EU and USA if we leave. The LEAVE camp argue that the EU and USA will not change or stop any of the trade with the UK (being the 5th largest economy globally) but that is simply plain wrong. It might not be an overnight change but I can assure you both the EU and USA will impose heavy tariffs on UK businesses exporting to their countries not to mention import duties which all means one thing, YOU THE CONSUMER WILL SIMPLY HAVE TO PAY MORE FOR YOUR GOODS. Take control…ARE YOU KIDDING ME!!!

Time and time again questions were posed to the LEAVE camp last night about their policies on how they will deal with the EU (our biggest trading partner) – no answer. What about the financial losses that will ensue if we vote to leave, the LEAVE panel had the cheek to LIE and say there will be NO fall out and there will be no losses in the financial markets. Honestly I think that was vodka they were drinking and not water. The city is bracing itself for a 15-20% fall in GBP should LEAVE win. Pensions will be hammered, stocks will collapse and you the ones that voted out will be poorer not to mention the REMAIN camp who will suffer the abhorrent decision.

One of the big issues last night was IMMIGRATION. Fair do’s immigration is an issue. But tell me something, Boris says we must have an Australian points system. Ok, so someone with little tertiary education wants to move to the UK to work in the food industry or agriculture industry, are they going to be turned back because they don’t get 36 points…are you honestly telling me that the English, Scottish and Welsh who are out of work will suddenly say hey awesome I can get a job picking oranges or I can sit on my tuches and get my weekly benefits. Ain’t gonna happen. We need migrant labour. This labour force is what made the UK the 5th largest economy globally (not bad for a tiny island). Why is it the rich Chinese, Russians, Middle Eastern’s and Europeans are all investing in the UK property market? Because we are simply a force to be reckoned with, we have honest policies and we are investor friendly (no not because of the weather J). I tell you this will blow up royally if we leave. Take back control!! We have MORE CONTROL BEING IN that OUT!!! That is a fact. So what if we have to pay ££££ to the EU…so what. That is the price we have to pay to be part of a 500mio+ membership and a membership that helps our SME’s flourish and sell their goods abroad. I am petrified for tomorrow because a leave win will set off a financial time bomb that will have severe financial repercussions for my family and those dear to me.





Any financial promotion contained herein has been issued and approved by ParityFX Plc (“ParityFX”); a firm authorised and regulated by the Financial Conduct Authority (“FCA”) as a Payment Services Institution with registration number 606416.  It is for informational purposes and is not an official confirmation of terms.  It is not guaranteed as to accuracy, nor is it a complete statement of the financial products or markets referred to.

Opinions expressed are subject to change without notice and may differ or be contrary to the opinions or recommendations of ParityFX. Unless stated specifically otherwise, this is not a recommendation, offer or solicitation to buy or sell and any prices or quotations contained herein are indicative only. To the extent permitted by law, ParityFX does not accept any liability arising from the use of this communication.

Follow our tweets @parityfxplc

Follow us on LinkedIn ParityFX Plc; and at www.parityfx.com

Leave a Reply

Your email address will not be published. Required fields are marked *