The focus today is on the Eurozone after a relatively quiet period. The ECB is meeting today and is expected to cut forecasts for both growth and inflation, in a sign of the single currency zone’s slowing economy.
The pound weakened slightly yesterday as Brexit talks showed no sign of a breakthrough after Attorney General Geoffrey Cox and Brexit Secretary Stephen Barclay headed to Brussels for meetings with Michel Barnier.
Trump’s ‘America First’ policy appears to have backfired, as the government deficit jumped by 19%. With America holding out for a ‘perfect’ deal with China, trade talks have also been slowing – and seem to have a few hoops to jump through yet.
We’ve just 22 days until Brexit and there’s still no clear idea of what’s going to happen. 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.
