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

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.