Sterling had a relatively positive week last week, partly due to a more up-beat economic outlook. But will it maintain this recovery?
Following the announcements last week, beauticians, tattooists, spas, tanning salons and other close-contact services can reopen from today. Team sports are also up and running, and life looks like it’s slowly returning to normal. The Prime Minister has hinted at introducing compulsory measures for face coverings, so it will be interesting to see if this is formally announced this week.
Brexit talks continue in Brussels after reports of a very small amount of progress in London last week. Any positive news from this could help the pound maintain its gains and perhaps give sterling a boost.
The government will release a series of adverts this week, explaining what UK holidaymakers can expect with regards to travel insurance changes and passport rules after the Brexit transition period. The ads also highlight that the actions people need to take after 1 January 2021 will vary depending on individual circumstances.
It looks like the government are determined to leave the EU in January 2021, which hopefully provides some certainty for any plans to move abroad. To ensure that your money is protected with a forward contract, do call your trader on 020 8108 5337.
