The European Central Bank will hold their latest monetary policy meeting today. Whilst interest rates are expected to be kept on hold, it’s thought that discussion will centre around economic projections and concerns over the rising euro, which were expressed recently by Chief Economist, Philip Lane.
Brexit news continues to impact the pound, which is still weaker against the euro this morning. The EU have called for emergency talks to discuss the UK’s proposed changes to the Withdrawal Bill, which the Prime Minister defended in Parliament yesterday.
It’s difficult to predict where Brexit negotiations, and the pound, will head next. 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.
