Home » Currency Note » Currency Note » Pound still benefiting from last week’s upswing

The pound is still benefiting from the upswing last week, although down from the highs of Tuesday and Wednesday, after Commons amendments meant that a no-deal Brexit seemed less likely.

The US dollar weakened as Trump criticised Fed Chair Powell as ‘someone who likes raising rates’ and factory data sector came in lower than expected. However, there is some positivity on the horizon as indications points to a China-US trade deal making progress.

We’ve now less than a month until the 29th March Brexit deadline. Whether that deadline is met or not, there’s likely to be a lot of volatility on the horizon. Find out how to control that with a forward contract by speaking to your Personal Trader on 020 7898 0541.

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