Is a no deal brexit likely to adversely affect pension savings in short term?

Malthusian

Diplodicus said:

“You can’t second guess the currency markets” - Nothing could be further from the truth. As far as  sterling goes the Fx Mkt has been entirely predictable, hour by hour for four years: every indication of a more fractious Brexit has made £ weaker, every hope of an accord has raised £.

We're talking about predictions of the future. You're talking about causal relationships. "If Liverpool score more goals than the opposition they will win the match" does not constitute an ability to second guess the result of football matches.

Nobody can second guess the currency markets because no-one can consistently predict when indications of a more fractious Brexit will emerge - except for people involved in the negotiations, who would go to prison if they tried to make money from their inside knowledge.

If you can predict those things without insider knowledge, then feel free to tell us which hedge fund you manage so we can admire your audited performance figures.

[Deleted User]

“My pension pot is currently worth approx. £35k and I plan to take this as a cash lump sum spring 2021 at the latest“.
Is this the only pension you have except for the state pension? If so, it should be invested in non-volatile, cash-like assets. 

Diplodicus

“We’re talking about predictions of the future.. no-one can second guess the currency mkts etc.” - 
It is feasible to second guess how markets would likely respond to certain events: QE, Liverpool drawing Tranmere in the Cup, no-deal Brexit; the latter being the predicted future written into the title of the thread.

cloud_dog

No-deal Brexit combined with the COVID-19 financial impact/debt servicing, I don't think it is a mystery what will happen to the GBP. 

Moe_The_Bartender

cloud_dog said:

No-deal Brexit combined with the COVID-19 financial impact/debt servicing, I don't think it is a mystery what will happen to the GBP. 

You mean that no-deal impacts only the UK but not the EU and that COVID 19 will have no financial impact on the EU either?

cloud_dog

No, I mean we will be an isolated instance when undertaking financial assessments of the weakness (or strength) of the GBP as opposed to being associated with a the support of a wider market.  No one knows with absolute certainty the ongoing value of the GBP but weighing all the functions it is more likely to be negative for the GBP than positive.  That's not to say there won't be spikes of strength in the GBP, in fact we may actually get one on EXIT day, simply because we are there, there is certainty, and organisations can move on / plan appropriately.