The pound is stronger against the euro this morning following news that Russia has withdrawn troops from northern Ukraine to focus on the east, known as Donbas.
A spokesperson for the Kremlin revealed that Russia has suffered “significant losses of troops” in Ukraine and that many of the forces need “significant replenishment”. He added that, despite this, there were no signs of an end to the fighting.
The euro saw a brief boost yesterday after the minutes of the latest European Central Bank meeting revealed that members were keen to end monetary stimulus and raise interest rates, potentially sooner than expected.
In the UK, Prime Minister Boris Johnson has received criticism to his energy security plan. Many say it does not do enough to help struggling households with soaring energy bills.
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.
