Sterling was buoyed yesterday afternoon on hopes of a Brexit deal being reached. Thus far, the EU’s responses have ranged from non-committal to concerned, but much will ride on the Irish government’s response in the coming ten days of negotiations.
It was otherwise a mixed day for the eurozone, as a number of economic releases came below expectations and the ECB warned against a ‘self-fulfilling’ cycle of low inflation expectations.
Poor economic figures have also put pressure on the dollar, as non-manufacturing growth came in below expectations, at its lowest growth rate since 2016.
All this uncertainty shouldn’t put you off your purchases – as long as you plan ahead. Call your Personal Trader on 020 7898 0541 about setting up a forward contract to lock in the exchange rate today.
