The dollar is still suffering, mainly due to domestic issues related to the coronavirus crisis. Rising infection rates and the re-closure of businesses are weighing on the greenback, despite an increase in demand for safe-haven currencies.
The pound is still looking relatively strong against the dollar this morning, as is the euro. It’s thought that Brexit will continue to be the main driver for the pound, so any news this week could have an impact.
There’s no telling where the pound will head over the next few days, so now would be a good opportunity to protect your transfers. 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.
