The pound is strong against the euro and the dollar today ahead of the autumn Budget, which will take place on Wednesday.

Chancellor Rishi Sunak is expected to reveal extra funding for the NHS, as well as plans to reduce greenhouse emissions and help to support businesses and individuals recover economically from the pandemic.

The European Central Bank will hold its latest meeting this week and President Christine Lagarde is expected to comment on plans surrounding interest rates and monetary policy. The euro could be impacted by this on Thursday.

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.

Have you downloaded our Quarterly Forecast for October-December yet? It includes currency forecasts from major banks for the next 3, 6 and 12 months, as well as commentary from our experts here at Smart Currency Exchange.

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