Last week saw sterling fall to its lowest rate against the Euro since September, after the recent raft of Ministerial resignations, reshuffles and renegotiations took its toll on the UK government’s Brexit credibility.
While rates have improved slightly over the weekend, new Brexit Secretary Dominic Raab has his work cut out to negotiate terms that are acceptable to the EU, MPs, Conservative backbenchers, and the public.
Time is running out for an October agreement and the government is stepping up preparations for a potential ‘no deal’ outcome, which analysts think would very likely send the Pound into free-fall.
New Foreign Secretary, Jeremy Hunt, said this morning that without a "change in approach from the EU negotiators", there is now a "very real risk of a Brexit no deal by accident", and Theresa May met her senior ministers in Gateshead this morning for the last scheduled cabinet meeting until September.
Full Report: https://www.currencyindex.co.uk/brexit-sends-pound-lower/
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Brokerage fee amount by transaction value 1.
Trade online and settle your trade to a CDIA or CommSec Margin Loan 2.
Trade online and settle into a bank account of your choice.
Share Trades over the Phone 3.
CommSec Share Packs online 4.
CommSec Share Packs over the phone 4.
Trades requiring settlement through a third party 6.
1 For GST rounding reasons, the final brokerage fee may vary from the stated or expected brokerage fee by a couple of cents.
4 Normal brokerage will apply when a stock acquired through CommSec Share Packs is subsequently sold.
5 Amount per share will be noted as brokerage on each confirmation issued. There will be no substitution should a stock have a trading halt placed on it.
6 Includes third party Margin Lending, and where the Commonwealth Bank exercises its rights under the loan Terms and Conditions.
Other fees may apply. Please see the CommSec Financial Services Guide.
Open a CommSec Share Trading Account.
Buy and sell shares using a CommSec Share Trading Account with our cash account - with it you can seamlessly settle trades, transact and earn interest.
Buy and sell shares using a CommSec Share Trading Account with your existing bank account.
Frequently asked questions.
Shares held with another broker.
For the transfer to be successful the name and address registered on your issuer holdings must match your CommSec account.
Your request will be completed within 72 hours.
Shares held with the share registry To transfer shares held with the share registry into your CommSec Trading Account you need to complete an Issuer Sponsored Holdings to CHESS Sponsorship Transfer Form.
Your request will be completed within approximately 48 to 72 hours of receipt.
When you have bought and sold shares on the same day and the next trading day, your payment may be partially or wholly offset. For more information refer to the New Client Guide.