The pound weakened slightly against the euro and the dollar yesterday but is making a recovery this morning. This comes after reports revealing the that the EU has rejected the UK’s latest proposal on fisheries, as they are not prepared to give up 30% of their quota. Talks continue ahead of the December 31 deadline.
After closing its border to the UK after a new variant of COVID-19 was found, France has re-opened its border this morning. In the US, President Trump has urged Congress to amend their stimulus bill, which is designed help businesses and households deal with the pandemic.
We could see volatility for the pound over the coming days and weeks. 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.
