The pound came under pressure last night after Boris Johnson raised the prospect of the UK returning to World Trade Organisation rules, if the EU does not offer a ‘Canada-style’ trade agreement.
The EU so far has said that it is willing to offer an ‘ambitious’ trade deal, but only if there is regulatory alignment. With trade talks not truly starting until March, we can expect plenty more back-and-forth over the coming months.
The first stage of the American presidential election has kicked off with the Iowa caucus. At the moment, the Republicans are forecast a healthy margin. Any result, especially unexpected, will be closely scrutinised by the markets.
There’s a lot that could have a significant impact on the markets coming up, so be sure to protect your money with a forward contract, securing you a fixed rate for up to twelve months. Speak to your Personal Trader on 020 7898 0541 to get started.
If you haven’t yet read our Quarterly Forecast, download your copy today to find out what the major banks are predicting, and how it might impact your currency transfer.
