The pound has lots of factors to contend with this week, the main one being the Conservative leadership race. A television debate tomorrow and further votes throughout the week are potential drivers of volatility. These votes will culminate in a ballot for party members on Saturday, once candidates have been whittled down to a final two.
The euro faces a busy week of economic data releases and the EU summit, whilst the dollar is looking unfazed by the Federal Reserve’s monetary policy meeting on Wednesday.
As always, it is wise to protect your money from adverse movements in the currency market. With a potentially volatile week ahead, this is more important than ever. Call your Personal Trader on 020 7898 0541 to get started today.
