There’s a busy day ahead for sterling, as the markets await the Bank of England’s rate announcement this morning, which is expected to stay stable. Parliament is now dissolved and election campaigns have begun in earnest, and the pound may well react to any speculation over the coming weeks.
Positive retail sales helped the euro yesterday, although poor German industrial figures released this morning continue to paint a less-than-positive picture of the eurozone economy.
Hopes of an impending ‘phase one’ in China-US trade talks are growing, although the dollar has still dipped on the uncertainty.
That uncertainty, however, is easy to protect against – simply lock in your rate with a forward contract for up to twelve months. Speak to your Personal Trader on 020 7898 0541 today to find out more.
