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.