The pound is stable this morning as markets wait for this evening’s decision on an extension to Brexit. It seems highly likely that one will be granted, but it remains to be seen how long it’ll last. May will present her case to the EU27 this evening, having already met Macron and Merkel one-to-one.
The ECB will give its press conference this afternoon, at which rate hikes are expected to be postponed. Meanwhile, Donald Trump has further raised threats of tariff hikes, stating that he would put tariffs on “$11 billion of EU products!”
There’s a lot of volatility on the horizon – so make sure to protect your capital with a forward contract. To find out more, call your Personal Trader on 020 7898 0541.
