The pound has been reacting to Brexit news recently and awaits further updates today about the progress of negotiations this week. Reports yesterday suggest that talks will now enter a ‘tunnel period’, where the two sides are content with progress and just need to finalise outstanding details.
The dollar is stronger this morning due to reports that President Trump and the First Lady, Melania Trump, have tested positive for COVID-19. This comes just a month before the Presidential election in November.
Non-Farm Payrolls will be released this afternoon, which will give a strong indication of how the US economy has performed over the last month. We’ll also see inflation rate figures for the Euro Area.
Make sure your upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
