inr-currency-symbol - INR

GBP/INR is moving in a sideways trend in early trading on Monday. Currently, the pair is fluctuating at around 93.280, showing no daily change as of 5:32 AM UTC. The markets are quiet after India celebrated Republic Day on Sunday.

He UK is set to leave the European Union (EU) this Friday, which will be a historic moment and will likely have an impact on the pair. Prime Minister Boris Johnson finally managed to complete a mission that Theresa May failed to achieve. He is fulfilling his promise to get Brexit done thanks to his major win in the early election last month.

However, the most difficult part only starts after Brexit, with the UK and the European Union having only 11 months to reach a complex trade agreement that, according to European leaders, requires two years at least. But Johnson made it illegal to extend the Brexit transition period beyond December 2020, prompting fears of a no-deal Brexit.

Brexit Secretary Stephen Barclay recently said that the UK would reveal more details about its objectives and priorities for a free trade deal with the EU in February. He told BBC:

“We are going to publish our objectives for the negotiation (…) in due course after the 31st.”

Negotiations between the UK and the EU are expected to start in March. Barclay noted:

“The key issue is that we will have control of our rules, we will not be a rule taker, we will not diverge for the sake of diverging, we start from a position of alignment. But the key opportunity is that we will be able to set our standards, high standards, on worker’s rights, on the environment, on state aid as part of that trade policy.”

On the other side, European Commission, which is the negotiator on behalf of the EU countries, will publish its objectives next month before sending them to EU governments on February 25.

Barclay said that Britain’s goal was to agree a zero-tariff, zero-quota, broadly ambitious trade policy with the EU. is a news site only and not a currency trading platform. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.