The euro was given a boost against the pound yesterday after the European Central Bank unveiled a larger-than-expected addition to its asset purchase programme, as well as extending it until June 2021.
Although sterling looks slightly stronger this morning, fears over the lack of a trade deal have been weighing on the pound, as well as concerns about the UK’s death rate being slow to come down. The markets will be looking ahead to the end of today’s Brexit talks, when Michel Barnier will brief the press.
The dollar has fallen to a month’s low against the pound, amid continued volatility and rising global tension with China. Today will see a number of data releases, including unemployment, which is expected to come in at 20%.
Don’t leave your money unprotected in these times. Make sure to secure a fixed exchange rate today with a forward contact – call your Personal Trader on 020 7898 0541 to get started.
