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Poor inflation data raises rate cut expectations

The pound was weaker yesterday after poor inflation rate data, which further increased expectations of an interest rate cut at the end of the month. However, it has recovered slightly this morning.

The eurozone also saw some disappointing data, whilst the signing of the US-China phase one trade deal caused the dollar to weaken.

With an interest rate cut looking increasingly likely, it’s wise to protect your money against this risk with a forward contract, which guarantees you a fixed exchange rate. Speak to your Personal Trader on 020 7898 0541 to find out more.

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