The dollar is up against the pound and euro, after the Federal Reserve kept rate cuts within expectations and stated that it was not going to be the start of cycle of rate cuts.
On-going no-deal fears around Brexit are continuing to weaken the pound, as the government announced a doubling of its contingency budget yesterday. All eyes will be on the Bank of England’s rate decision this afternoon, although a cut is not expected.
The euro has also had a choppy start to the day, with GDP figures showing poor growth for the eurozone, and further stagnation in Italy.
Lock in your exchange rate today to ringfence your money against this uncertainty. With a fixed exchange rate, you always know how much your money is worth – no matter where the markets move. Speak to your Personal Trader today on 020 7898 0541 about a forward contract.
