Following a positive start to the week, the pound is slightly weaker this morning. This follows the release of UK GDP for May, which came in at 1.8%, highlighting the challenge that the economy faces due to coronavirus.
The euro is stronger in anticipation of two big events this week – the ECB meeting and the EU summit. Brexit talks also continue in Brussels between UK and EU officials. The dollar is strong due to its ‘safe-haven’ appeal, which has come about because of rising infection rates and the re-closure of businesses in the US.
Make sure you lock in your exchange rate with a forward contract today, so your money isn’t affected by uncertainty. Speak to your Personal Trader on 020 7898 0541 to get started.
