The pound is strong against both the dollar and the euro today, as the possibility of a no-deal Brexit is decreasing. The general election bill has now received Royal Assent, which means it will definitely go ahead on the 12th of December.
Better-than-expected GDP data for the eurozone failed to lift the euro significantly. The dollar is still weak on the back of the Federal Reserve’s third rate cut of the year, ahead of the release of Non-Farm Payrolls later.
Anything could happen in the lead up to this general election, which is why it’s wise to protect your money from volatility. Lock in today’s exchange rate with a forward contract by calling your Personal Trader on 020 7898 0541.
