The pound ended the week up on continued electoral optimism and it is strong this morning against the euro and dollar. This comes as election campaigning steps up and the Brexit Party stood down its candidates from 43 seats held by the Conservative Party.
The same optimism is helping to keep the euro down, despite a positive week last week, with German GDP showing unexpected growth and the Eurozone’s trade surplus unexpectedly growing.
The dollar also ended the week down against the pound, despite a positive growth in retail sales, thanks to an increase in car sales. It now awaits the release of the Federal Reserve’s meeting minutes on Wednesday.
This week will see a number of important data releases, including the European Central Bank’s financial stability report, but politics will likely continue to dominate.
Make sure to protect your money against this uncertainty. Speak to your Personal Trader on 020 7898 0541 about locking in today’s exchange rate for up to twelve months with a forward contract.
