This week is shaping up to be another one of uncertainty and volatility. Theresa May is meeting with the Cabinet today to set out her Brexit strategy, but it’s unclear where that will go. Last week, John Bercow ruled out bringing back her withdrawal agreement for another vote – but passing that is what a longer Brexit extension depends on. If the vote does happen, it will likely be on Tuesday or Thursday. Meanwhile, MPs are expected to back a series of indicative votes today, to be held on Wednesday.
The Eurozone economy posted worrying figures last week, with German manufacturing hitting a six-year low. This week we have a number of further releases, including business confidence, forecast to come in significantly lower than the previous month.
The dollar looked weak on Friday, as US growth in manufacturing and services slowed, although housing sales did jump. US-China trade talks will restart again face-to-face this week, with hopes of a deal by the end of April.
There is an extremely volatile week ahead, so be sure to protect your money from any sudden drops. A forward contract locks in your exchange rate for up to twelve months, so you know in advance exactly how much your transfer will be worth. Find out more by calling your Personal Trader on 020 7898 0541.
