The pound is up against the dollar and euro this morning, following GDP figures that came in better than expected – raising hopes that the UK’s economy might not be contracting as thought.
Today, the markets will be looking for hints of future rate changes coming out of the ECB policy meeting at midday, as well as a number of important figures from the US, including year-on-year inflation.
Make sure to protect your money against uncertainty with a forward contract, which locks in a fixed exchange rate for up to twelve months. Speak to your Personal Trader today on 020 7898 0541.
