The pound came under pressure yesterday as the latest polls showed the lead gap between the Conservatives and Labour narrowing to seven points. This week was largely light on economic data for both the UK and the Eurozone, with politics setting the agenda. However, yesterday evening saw the FTSE 250 hitting its highest level in 15 months on optimism over the potential election result.
Today, the European Parliament will vote to ratify the new European Commission candidates as a whole, having already grilled each individual would-be commissioner.
Uncertainty remains over US-China trade talks, with a senior US advisor saying that the phase one talks were ‘getting close’, but media reports also said that officials had said a phase two was looking much less likely.
Don’t leave your money needlessly exposed to risk. A forward contract locks in today’s exchange rate for up to a year, meaning your money is ringfenced against the live exchange markets. Speak to your Personal Trader today on 020 7898 0541 to find out more.
