Terms of Use & Legal Information

Before you access the Patagro Handels GmbH website, please carefully read and accept the terms of use. By accessing these pages, you must agree to the terms and conditions set forth herin.


1. Corporate Details & Non Regulation Statement

Patagro Handels GmbH is a private limited company incorporated in the canton of Nidwalden, Switzerland with commercial register number CHE-102.525.840.


Patagro Handels GmbH is not authorised or regulated by FINMA (Swiss Financial Market Supervisory Authority), Financial Conduct Authority nor does it hold a licence with any other governing body as its activities are exempt from regulation. Patagro Handels GmbH does not provide nor offer products or services to the public. All funds remain of a proprietary nature and are private to Patagro Handels GmbH.


For further information, please contact Patagro Handels on +41 41 880 550 or email ph.relations@patagrohandels.com


2. No Offer, Non-binding

The information published on the Patagro Handels website does not constitute a recommendation, an offer or an invitation to purchase or sell investment instruments, to carry out transactions or to conclude any legal transaction. All published information is also not intended for investment advice and does not provide any advice in legal, fiscal, economic or other matters.


3. No Warranty or Reservations

No guarantee can be given for the accuracy, completeness, topicality, availability and legality of the information published on the pages of Patagro Handels. Furthermore, no guarantee can be given that the following pages of Patagro Handels are at all times free of interference and work flawlessly and that they are free from any viruses or other harmful elements.


4. Website / Links

Certain links on the website of Patagro Handels lead to websites of third parties. These are completely withdrawn from the influence of Patagro Handels, which is why Patagro Handels assumes no responsibility for the correctness, completeness and legality of the content of such websites, as well as any offers and (services) contained on them.


5. Disclaimer of Liability

Patagro Handels assumes no liability whatsoever for any losses or direct or indirect damages and consequential damages that may result from the use of the websites of Patagro Handels, the information published there or from links to third party websites.


Pound May Lose Its Reserve Currency Status on Brexit

Pound May Lose Its Reserve Currency Status on Brexit, S&P Warns

A Brexit wouldn’t just weaken the pound — it would jeopardize its status as a reserve currency used in world trade, according to S&P Global Ratings.

Sterling lags only the dollar and euro in central banks’ holdings, a legacy of Britain’s large economy, its trusted legal system and use of the global lingua franca. But a vote to leave the European Union on June 23 may dethrone the pound and would even threaten the nation’s top AAA credit rating, says S&P.


“A U.K. departure from the EU could put sterling’s reserve status at risk by deterring foreign direct investment and other capital inflows,” London-based analyst Frank Gill wrote. “Sovereigns controlling a reserve currency benefit from extensive external and monetary flexibility, which supports government creditworthiness.”

 The pound rose 0.5 percent to $1.4705 as of 3 p.m. London time, leaving its decline this year at 0.2 percent. Sterling has rallied in recent weeks on speculation its pre-referendum slide was overdone and as some opinion polls suggest the campaign to keep the U.K. in the world’s biggest single market is gaining strength.

Sterling advanced 0.4 percent to 75.81 pence per euro and touched the strongest level in more than three months.

-1x-1 (1)

The experts are all but united in saying a Brexit would hurt the economy severely. Quitting could add tens of billions of pounds to U.K. government borrowing and force Chancellor of the Exchequer George Osborne to extend austerity into the next decade, according to the Institute for Fiscal Studies.

Yet the outcome of the vote remains far from certain, and the pound continues to be held hostage by shifts in opinion. A YouGov/Times poll on Tuesday showed the “leave” and “remain” camps neck and neck, while an IG Group survey on Wednesday gave a six percentage-point lead for those wanting to stay in the EU.

“The FX market is ill-prepared for an ‘in’ vote,” said Neil Jones, head of hedge-fund sales at Mizuho Bank Ltd. in London. “We have become so fixated with all the ramifications as to economic direction under a Brexit scenario, we forgot to focus on whether this event will actually occur.”


Source: Bloomberg LLP