There’s still plenty of uncertainty around Brexit, and it’s reflected in the pound’s relative weakness against the euro this morning, as chief Brexit negotiator Olly Robbins travels to Brussels. He will attempt to get European leaders on his side to potentially make changes to the political declaration – a key demand of Labour in the cross-party talks.
Today is looking positive for the eurozone, with German inflation coming in at 2% and a number of positive figures forecasted for later today.
There’s also plenty of volatility in the dollar, as the US and China try to put pressure on each other over trade negotiations. Both have implemented further tariff hikes to begin on 1st June. Trump says it will be known in ‘three to four weeks’ whether trade talks have been successful – but no-one knows if this is simply rhetoric.
If you plan ahead, you can safeguard your money against the risk of these volatile markets. Simply lock in a fixed exchange rate for up to twelve months with a forward contract. Find out more by speaking to your Personal Trader on 020 7898 0541.
