The EU summit is due to begin today, where EU leaders will discuss the state of Brexit negotiations. Leaked reports suggest that they are expected to say that negotiations need to continue before a trade deal can be agreed upon. We expect to hear more news of how the summit is progressing today and tomorrow.

Tighter restrictions are being introduced across Europe, including in France, which declared a public health state of emergency yesterday due to the increase of coronavirus cases. In the US, a stimulus bill to help the US economy looks unlikely to be introduced before the election.

Make sure any 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.

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