The pound is still up against the euro as Boris Johnson begins his first cabinet reshuffle, although senior figures are not expected to be impacted. It’s thought that the composition of ministers chosen could determine the course of trade negotiations this year.
The European Commission will release its forecasts mid-morning, and they will be closely scrutinised for any signs of the slowdown bottoming out.
There are a busy few days ahead of data for the US dollar, with inflation today, followed by retail sales and manufacturing production.
Lock in your exchange rate today to protect your money against so much unpredictability. Speak to your Personal Trader on 020 7898 0541 about a forward contract to get started.
