It was announced yesterday that the UK and EU have come to an ‘agreement in principle’ surrounding the implementation of the Withdrawal Agreement. The controversial parts of the Internal Market Bill will be scrapped, and the two sides have reached a deal on the approach to border checks in Northern Ireland.
Today, Prime Minister Boris Johnson will meet with EU Commission President Ursula von der Leyen for face-to-face talks. It’s hoped that this will bring about progress in agreeing on a Brexit trade deal before the December 31 deadline.
As news of these talks materialise, we could see volatility for the pound. 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.
