It seems clear Boris Johnson is dragging the UK to No-Deal.
If this happens the Pound would crash to its lowest level since 1985 according to a Bloomberg survey of analysts.
Johnson has told the EU this week he would not even meet for talks unless they shift their position.
The other possibility worrying investors is that Johnson will call a general election in the coming weeks.
We note that hedge funds have increased their bets on a falling Pound to a total of $7.8 billion, the highest since April 2017.
With so much ongoing uncertainty, we expect exchange rate volatility to remain high.
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