After worries over a no-trade-deal end to the transition period have weighed down the pound over the past few days, services PMI data provided a brief boost yesterday. The Eurozone, however, saw some disappointing news this morning, with German factory orders missing expectations.
Positive private jobs data, which came in in much better than forecast, helped the dollar to hit a two-month high against a range of currencies.
Today is a busy day, with data releases including ECB’s economic bulletin and American jobless claims.
If you’re making an international transfer over the coming months, make sure to lock in your exchange rate with a forward contract. Speak to your Personal Trader on 020 7898 0541 to get started.
