The pound is fairly well supported this morning, despite the Prime Minister calling on a “change of approach” from the EU. The EU have said that they wish to intensify negotiations and discuss the legal texts surrounding the Brexit trade deal, however, it’s unclear whether the UK have agreed to this as yet.

Reports of slowing economic recovery across Europe have caused the euro to weaken slightly. In the US, there is uncertainty over whether a stimulus bill will be agreed upon in the next 24 hours.

Take this opportunity to 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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