The pound is up against the euro and dollar this morning on optimism from small businesses, following an announcement by Boris Johnson that non-essential retailers will be able to open from the 15th June.
Expectations of further stimulus in the Eurozone at the ECB’s next meeting on 4th June have risen following comments from Francois Villeroy that the Bank can still ‘go even further’.
Tensions with China are still impacting the US dollar, especially as the country holds its annual National People’s Congress. Wang Yi, the Chinese foreign minister, said yesterday that the two countries are coming ‘to the brink of a new Cold War’.
As economies reopen around the world, many people will be planning future transactions. With so much uncertainty and political tension, however, don’t leave your money open to risk. Speak to your Personal Trader on 020 7898 0541 to find out how secure a fixed exchange rate with a forward contract today.
