The pound is slightly weaker against the euro this morning but is still trading around strong levels.
The euro has strengthened against both the pound and the dollar on news that the European Central Bank could announce plans for joint EU bonds, which are designed to fund energy and defence amidst the Ukraine conflict.
Tomorrow, the European Central Bank will hold its latest monetary policy meeting and could reveal plans for these bonds.
The UK has revealed that it will ban any Russian owned planes from its airspace. This will target wealthy Russians with private jets who could get around the general ban on Russian airlines.
There will be a series of economic data releases for the US today. However, all eyes will be on inflation figures tomorrow ahead of the Federal Reserve’s monetary policy meeting next week.
Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
