Sterling strengthened slightly yesterday after a promising data release, which indicated that the economy may be starting to mend after enduring coronavirus-related disruption. This morning, the pound is still stronger against the dollar.
The US also received some positive data releases, and is looking ahead to Non-Farm Payrolls, which will be released this afternoon. This data is considered a significant indication of how the world’s biggest economy is faring.
We could be starting to see the light at the end of the tunnel, however, we can’t predict currency movements in the coming days, weeks or months. Ensure that your money is protected by locking in a forward contract. Contact your Personal Trader on 020 7898 0541 today.
