The pound is strong against the euro and the dollar this morning after the unemployment rate for June came in better than expected. Despite the positive figure, analysts say that the rate could rise after the furlough scheme ends in October.
Economic sentiments figures will be released for the Eurozone today. In the US, tensions have increased with China ahead of a teleconference meeting between officials on Saturday.
There’s no telling where the pound will head over the next few days, so now would be a good opportunity to protect your transfers. Make sure you lock in your exchange rate with a forward contract today, so your business isn’t affected by uncertainty. Speak to your Business Trader on 020 7898 0500 to get started.
