The pound had a choppy day yesterday, as the intention to enshrine the transition period deadline into law raised fears of a Brexit without a trade deal. However, it is in a stronger position this morning against the euro and the dollar. The markets will be closely watching the Queen’s Speech today for any further revelations on Johnson’s policy intentions around Brexit.
In the eurozone, yesterday was a relatively mixed bag, with poor construction figures offset by positive business data from Germany. Today is light on numbers, and will likely be largely influenced by politics.
The dollar is slightly weaker against the pound and euro following the impeachment of Donald Trump.
Make sure to lock in your rate today with so much uncertainty still on the horizon. Speak to your Personal Trader on 020 7898 0541 about a forward contract to find out more.
