The pound is still weaker against the euro and dollar this morning as Brexit uncertainty continues this week. Today, the government will present a new piece of legislation to Parliament that changes parts of the Withdrawal Bill in the event of a no-deal Brexit. The government say that this will protect Northern Ireland’s place in the UK market, however, the bill has sparked controversy on both sides of the pond.
The markets turn their focus to the ECB’s latest interest decision and press conference, which takes place tomorrow. In the US, there are worries over rising tensions between the US and China after President Trump said that he would consider ‘decoupling’ the US economy from China if he is re-elected.
It’s an uncertain time for the pound, which is why it’s best to ensure that your money is protected. Make sure you lock in your exchange rate with a forward contract today, so your money isn’t affected by uncertainty. Speak to your Personal Trader on 020 7898 0541 to get started.
