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Currency & confidence: the impact of Brexit one year on

Published: 11:15 AM July 10, 2017

Updated: 6:24 PM November 12, 2020

The road to Brexit survey results by TorFX - Credit: Archant

One year after the EU referendum, currency broker TorFX asked their customers how Brexit and the subsequent currency exchange movements have affected them

The road to Brexit infographic by TorFX - Credit: Archant

On the anniversary of the EU referendum, currency broker TorFX asked its customers how they were feeling about Brexit one year on.

The post-referendum depreciation in the pound has naturally had a significant impact on those looking to move money to and from the UK, with the fall in GBP exchange rates since June 2016 creating both winners and losers.

While those needing to buy foreign currency have lost out as a result of the pound’s slide, those purchasing GBP with currencies like the euro and US dollar have been able to benefit from the currency’s weakness.

TorFX wanted to know how the vote to Brexit, and the resulting currency movement, has been affecting its customers so it put together a little survey to find out.

TorFX received 1,198 responses – these were some of the key findings...

• 66% of respondents don’t think GBP exchange rates will recover to pre-Brexit levels

• 77% of respondents think the UK should retain single market access

• 34% of respondents would still feel confident making plans to move to the EU