Sterling had a choppy day yesterday as the UK parliament voted to extend Article 50, if the EU agrees. Ultimately, it has largely held onto its gains, but whether this will continue remains to be seen. The UK now has to seek the EU’s approval for an extension, and we still don’t know whether this will be short-term – until 30th June – or longer-term.
The euro had a relatively uneventful day, with most attention on Brexit and President Trump threatening tariffs on EU goods if they refuse to talk about a trade deal.
It was likewise a quiet day for the dollar, with a small downward trend, but with the markets mainly looking forwards, as Trump claimed a US-China trade deal could be on the cards in four weeks.
With so much uncertainty on the horizon – and now not even the date of Brexit certain – do not leave your transfers to chance. Make sure to lock in your exchange rate today with a forward contract. Call your Personal Trader on 020 7898 0541 to find out more.
