It’s a busy week ahead for the pound, with Brexit talks resuming in Brussels tomorrow. Whilst no huge breakthroughs are expected yet, a briefing on progress this Friday should reveal more about how the sticking points are being addressed on both sides.
There will also be several economic data releases this week, including PMI figures for the UK, EU and US on Friday. This will give us an indication of how economies have been performing so far in August – any signs of strong recovery or hints of hindered progress could have an impact on currencies.
There’s lots going on this week, which could spell volatility for the pound. Make sure you lock in your exchange rate with a forward contract today, so your money isn’t affected by uncertainty. Speak to your Personal Trader on 020 7898 0541 to get started.
