The dollar is down against the pound this morning, after a historic drop in US oil prices, with prices turning negative for the first time in history. While a drop had been expected, it had not been forecast to be so extreme.
Meanwhile, yesterday was a choppy day for the pound against the euro. Emmanuel Macron renewed his calls for so-called ‘coronabonds’ at the weekends, leaving the markets to speculate until at least this Thursday’s Eurogroup meeting over whether any progress will be made on the divisive issue.
The Centre for Economics and Business Research has predicted a fall in UK disposable income of 17% in the next quarter, which could have a significant economic impact.
The CEBR is not the only one making its predictions at this uncertain time. The major banks have all released their expectations for the coming quarters – and there is quite a spread. Find out what is being predicted, what the risks of these predictions for your transactions are and what you can do in our newly released April-June Quarterly Forecast.
