The pound is little changed this morning, strengthening slightly against the euro and weakening slightly against the dollar.
As there are relatively few data releases for the UK this week, the outlook for sterling is likely to be affected by influences from the other major economies. In the eurozone, today’s German Ifo Business Climate along with a European Central Bank meeting tomorrow could affect the dynamics between the pound and the euro.
In the US, all eyes will be on Friday’s Jackson Hole symposium. Any mention of a delay to this tapering could push the dollar lower.
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.
