The pound recovered a little of its losses against the euro yesterday and remains strong against the euro and dollar today. The first round of face-to-face trade talks in Brussels came to an end, with little unexpected. The two sides described them as constructive, but with plenty of disagreement in a number of areas, including fisheries.
Expectations for another rate cut in the US are growing, helping to put pressure on the dollar. Factory orders came in worse than expected, and non-farm payrolls are expected to decline today, too.
Protect your money against this uncertainty with a forward contract – it locks in your exchange rate for up to twelve months, no matter what happens on the live markets. Speak to your Personal Trader on 020 7898 0541 to find out more.
