Sterling remains at strong levels against the euro and the dollar this morning, benefitting from the UK’s speedy vaccine rollout. It is hoped that this will aid an economic rebound in the UK and reduce the possibility of negative interest rates.
The pound has reached multi-month highs against the euro and a 2.5 year high against the dollar, so act now to ensure that your upcoming transactions are protected against the risks of sudden market movements. Call your Personal Trader on 020 7898 0541 or receive a quote to secure a fixed exchange rate now with a forward contract.
In the US today, all eyes are on the Federal Reserve, which will announce its latest decision on interest rates later. Whilst the rate is expected to be kept the same, comments from Fed Chairman, Jerome Powell, will be watched closely.
In Europe, ongoing concerns about the pace of the vaccine rollout are weighing on the euro.
