Coronavirus dominated the headlines last week, pushing both the pound and the dollar down against the euro. The pound did, however, finish the week up against the dollar, despite positive data releases from the US.
This morning, the euro has also been helped against the pound by industrial production re-entering positive figures.
This week, the markets will be looking forward to the UK budget, after much speculation over the tug between Number 10 and 11 over loosening – or not loosening – the purse strings. Tomorrow, we will see eurozone GDP growth figure and then, on Wednesday, a raft of releases from the UK, including balance of trade, construction output and GDP.
If you are making a transfer soon, make sure to plan ahead to protect your money. A forward contract locks in your exchange rate for up to twelve months – find out more by calling your Personal Trader on 020 7898 0541.
