The pound remains strong against the euro and the dollar this morning.
The UK economy has recovered to its pre-pandemic level after strong growth in November. This is a major achievement in the recovery from the pandemic, however, the economic impacts of the Omicron variant are yet to be factored in.
Downing Street faces further backlash following reports of another two parties at No 10 during lockdown. It is alleged that two leaving parties took place in the evening of the Duke of Edinburgh’s funeral on 16 April 2021. Downing Street has not denied these claims.
The euro continues to strengthen against the dollar as disappointing US data failed to provide the greenback with much support. The number of Americans filing for unemployment benefits rose last week and PPI was higher than expected. Retail sales data later could give the dollar fresh impetus.
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.
