The pound was up this morning following another seeming change from Boris Johnson, who stated that the chances of a no-deal Brexit were ‘vanishingly small’ – in contrast to saying it was ‘do or die’ the day before. He also acknowledged that his plans in the case of no-deal would require agreement from the EU, rather than being unilateral.
Tomorrow, the G20 summit will take place in Japan. While Trump has said a possible US-China trade deal could take place this weekend, he also threatened further tariffs if no progress is made at the meeting – so there is still plenty of uncertainty swirling around.
Make sure to protect your money against this volatility – a sudden drop could see you lose thousands, unless you lock in your exchange rate. Find out more about securing a fixed exchange rate with a forward contract by calling your Personal Trader today on 020 7898 0541.
