The pound is low this morning, despite better-than-expected employment and earnings figures. The Brexit back-and-forth between the government and parliament continues, as Speaker John Bercow says that it would be possible for MPs to stop a no-deal Brexit. This makes it look more and more likely that uncertainty over what will actually happen will carry on right up to the 31st October deadline.
German economic confidence dropped to its lowest level since 2011 last night, almost twenty points below expectations – a drop mirrored by Eurozone-wide figures, too. With manufacturing down, the dispute between Rome and Brussels continuing and, of course, the impact of Brexit, it’s a difficult time for the single currency zone.
The dollar also dropped this morning, with Trump U-turning on further proposed tariffs against China amid fears of the impact it’s having on the global economy.
You don’t need to put your plans on hold because of this uncertainty. Lock in your exchange rate with a forward contract today by calling your Personal Trader on 020 7898 0541. That way, no matter how the markets move, your exchange rate will stay exactly the same.
