Sterling was strong against the euro yesterday, hitting a 2.5-year high earlier this week on the back of predictions of a Conservative majority in the upcoming election. However, it is slightly weaker against the euro and dollar this morning. Boris Johnson and Jeremy Corbyn will go head-to-head in a TV debate later this evening.
Eurozone GDP figures came in yesterday and showed the economy is continuing to grow, but weakly – not unexpected by the markets, but not a particularly positive sign, either.
Uncertainty over the US trade war and poor manufacturing and service figures put pressure on the dollar yesterday. Today, we will see further important data releases, including non-farm payrolls and consumer sentiment.
With less than a week to go until the UK election, make sure to protect your money against sudden, unpredictable market movements. Lock in your rate today for up to twelve months with a forward contract by calling your Personal Trader on 020 7898 0541.
