Home » Currency Note » Currency Note » Pound down as little Brexit progress expected

The pound is down against the euro this morning, with fears of little possible progress in the Brexit negotiations. The EU’s Stefaan de Rynck indicated that compromise will be a ‘challenge’, saying ‘as to our demands being unreasonable, these are our demand…no qualification will change [them].’

The ECB is set to announce its interest rate decision today, expected to be held at zero. Construction figures this morning have showed a small increase month-on-month, as economies across the Eurozone reopen.

In the US, tensions with China and unrest continue to weigh on the dollar, with investors wary. Today, we will see a number of figures, including trade balance and productivity data.

Make sure you lock in your exchange rate with a forward contract today, so your money isn’t affected by this uncertainty. Speak to your Personal Trader on 020 7898 0500 to get started.

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