The Chancellor of the Exchequer, Rishi Sunak, is due to announce plans for government spending later today. A short-term VAT cut and a £2 billion home insulation scheme are expected to be announced, amongst other plans.
Yesterday, the European Commission revised down its growth forecasts due to the slow pace at which lockdown restrictions are easing. As the markets worry over more news of localised lockdowns, including in Melbourne, Australia, a Federal Reserve official warned that economic recovery in the US could be “levelling off”.
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.
