The Prime Minister has announced that she will hold a further vote on Brexit this June, no matter whether the cross-party talks have resulted in an agreement or not. Sterling hit a two-week low, also not helped by poor UK labour data.

Meanwhile, the euro had a difficult day yesterday as economic figures came in much below expectations, but made a recovery this morning on the back of more positive GDP growth stats.

The dollar is stronger against the pound and euro today, after hopes were raised for a positive outcome to US-China trade talks – and the Federal Reserve played down the likelihood of interest cuts.

Our recent survey found that the majority of people sending money overseas do put measures in place to protect their budget. Don’t be part of the 30% who don’t – call your Personal Trader on 020 7898 0541 to find out how to lock in your exchange rate for up to twelve months with a forward contract.

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