The pound is up this morning against the dollar, which has weakened amid worries over the outcome – or lack thereof – from the G20 summit. The eurozone saw a particularly poor day for economic releases yesterday, with business confidence dropping to its lowest level since 2014, but, with Brexit pressures still weighing on the pound, sterling still failed to gain against the single currency.
Japan has warned that direct investment from overseas could well fall dramatically if there is a no-deal Brexit, as worries over Conservative leadership front runner Johnson’s Brexit strategy continue. Theresa May has also held back from supporting either of her potential successors’ plans for exiting the European Union.
If you’re making a major international transfer or purchase soon, you can easily protect your budget from this volatility. Simply enquire with your Personal Trader about locking in an exchange rate with a forward contract on 020 7898 0541.
