Brexit trade talks are set to continue this week, with sticking points remaining. The European Council meeting is due to take place on Thursday and Friday, which is when negotiators had aimed for a deal to be achieved. As time ticks on towards the December 31 deadline, we could see heightened volatility from the pound.
The European Central Bank will release the minutes from their December monetary policy meeting on Thursday and after hints from their previous meeting, officials are expected to boost their stimulus programme to help the European economy. In the US, a poor jobs report shows that the economy is struggling with the spread of coronavirus and lack of fiscal support.
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.
