Sterling has been uncharacteristically stable for the past week, barely moving against the euro and gently strengthening against the US dollar.
Party that is down to the dearth of data this week, as the UK prepares for a four-day weekend to mark the Queen’s Platinum Jubilee. So if you call us from outside the UK from tomorrow I’m afraid we’ll all be off drinking tea (or something stronger), eating cake at Jubilee picnics and watching beacons being lit.
Why not get a call to your trader in today, instead, on 020 8003 4915.
A big part of what we’ll be celebrating is 70 years of stability. It’s not just about the face on the bank notes, but a constant and reassuring presence at the heart of the country’s political structure for most of our lives (whatever you think of monarchy as a system).
Stability is a most under-rated quality, defined in my dictionary at least as “sane and sensible”, “a structure not likely to give way or overturn, firmly fixed”. Unfortunately for those with a large currency transaction coming up abroad, the pound’s stability can only be guaranteed in the negative: it definitely won’t last for long. Therefore, to lock in your own stability you will need to book a forward contract by calling your trader on 020 8003 4915.
Have a great weekend.
