The pound was down yesterday on worries over the Brexit trade talks, after France’s Bruno Le Maire raised again the prospect of the UK financial services sector losing access to the EU markets, unless there is close regulatory alignment. However, sterling has recovered slightly against the euro this morning.
Euro profited from this dip, after also coming under pressure in the morning following worse-than-expected German factor orders, which had been forecast to return to positive figures.
The dollar is currently up, ahead of a range of economic releases, including non-farm payrolls, unemployment and average earnings later today.
Protect your money against this uncertainty if you’re making international transfers in the upcoming year. Speak to your Personal Trader on 020 7898 0541 about a forward contract, whereby you could secure a fixed exchange rate for up to twelve months.
