Sterling has a choppy start to the day, as the markets look forward to UK retail figures today. Brexit continues to keep the pound low, as Jeremy Hunt admitted yesterday that there would be at least a ‘short-term’ economic shock from leaving without a deal. Likewise, the EU’s Martin Selmayr has criticised the UK’s no-deal preparation, claiming that the EU is much further ahead in its readiness.
Weak housing market data has pushed the dollar low today, as have reports that US-China trade talks have stalled.
Mae sure to lock in your exchange rate with a forward contract to protect against this uncertainty. Get started today by speaking to your Personal Trader on 020 7898 0541.
