With no breakthrough emerging from the Brexit Secretary’s meeting with EU Chief Negotiator Barnier, and the Scottish and Welsh devolved governments voting on motions objecting to the withdrawal agreement, the pound weakened against the euro.
The Eurozone saw some more positivity in the form of its service releases, growing year-on-year by 2.2 points. However, concerns still remain about the long-term stability of the Eurozone, particularly in terms of incoming business.
The dollar had a good day yesterday, strengthening against the pound and the euro with better-than-expected service sector data. Insiders still remain positive over US-China trade talks, but there may be further delays, as Trump insisted it needs to be ‘just right’.
We’re less than a month away from the Brexit deadline now, and it’s still completely unclear what the final deal – if there is one – will look like. Make sure to protect your money by locking in an exchange rate with a forward contract today. Speak to your Personal Trader on 020 7898 0541 to find out more.