The pound strengthened against the euro this morning, as meeting notes from the European Central Bank made a rate cut in the single currency zone seem more likely, saying that they need to be ‘prepared to ease the monetary policy stance further’.
Sterling is also benefiting from a weak dollar, following a cautious speech from Federal Reserve Chairman Jerome Powell, with expectations of a rate cut in the US also rising.
Make sure to lock in your exchange rate today to protect your money against this uncertainty. Call your Personal Trader on 020 7898 0541 about a forward contract to get started.
