Sterling ended the week down against the euro on Friday and is still low this morning, after heightened fears over coronavirus gave top UK shares their worst week since the financial crisis, and France warned that the EU would not stick to ‘artificial deadlines’ in the Brexit talks. For investors, the latter means a no-trade-deal exit could be more likely.
The first details of the UK-EU talks have been published, with negotiation rounds set to take place every two or three weeks. The first begins today in Brussels.
Coronavirus fears also helped to push the dollar downwards, with the Dow Jones Index suffering the biggest one-day drop in history.
If you’re making international transfers in the coming weeks and months, be sure to protect them against the volatility of the markets. Lock in your exchange rate with a forward contract by calling your Personal Trader on 020 7898 0541.
