The pound is still suffering this morning due to Brexit worries, concerns over the government’s plans to increase spending on infrastructure and weak GDP data. Negotiations between the UK and the EU resumed yesterday, with hopes that they will reach a deal before Autumn.
The euro is strong on the back of some better-than-expected economic data, whilst in the US, Federal Reserve Chair Jerome Powell warns of an “uncertain” outlook for the economy.
Make sure to protect your money in these uncertain times. Lock in an unchanging exchange rate for up to a year with a forward contract by calling your Personal Trader on 020 7898 0541 today.
