As we approach the deadline to secure a trade deal, Brexit related headlines are driving the pound. The pound weakened overnight against both the euro and the dollar on reports of Brexit jitters between the two sides, including that French officials want to give the UK a 48 hour ultimatum to make concessions. However, sterling has made a strong recovery this morning.
PMI data for the UK, EU and US will be released today, which will serve as a good indicator of how each economy performed in November.
It could be crunch time for Brexit, so take this opportunity to make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
