The Bank of England has made a second emergency interest rate cut to 0.1%, its lowest ever. Following the cut and suggestion of yet further stimulus measures to come, the pound saw an uptick against the euro and dollar.

Euro had a mixed day amid a backdrop of travel bans and lockdowns, with construction figures coming in unexpectedly high year-on-year.

Meanwhile, the US dollar has started the day in a slightly weaker position after a long winning streak.

Make sure your money is protected against the uncertainty and complete unpredictability that’s impacting the markets now. By using a forward contract, you can lock in your exchange rate for up to twelve months. Call your Personal Trader on 020 7898 0541 now to get started.

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