Uncertainty about the future as the Tory leadership battle ramps up has reversed the gains the pound made yesterday. Today’s by-election in Peterborough could see a Brexit Party MP enter Parliament, and give further impetus for those pushing for a no-deal.
The European Commission is said to be ready to ask the EU for disciplinary procedures against Italy to be triggered, as the budgetary crisis shows no sign of going away.
Poor economic releases from the US, and the prospect of China giving up on the trade talks between the two countries, are also helping to keep the dollar low.
It’s a volatile period for the markets, so don’t miss your chance to protect your money. Speak to your Personal Trader today about securing a fixed exchange rate with a forward contract on 020 7898 0541.
