The pound came under pressure yesterday evening, with the effects of optimism over the results of lockdown in the UK seeming to shrink, as Matt Hancock warned that the country is still a way off the peak.
The IMF has predicted that the global economy will shrink by 3% this year due to the crisis, which helped the dollar against a basket of currencies as investors turned again to safe-haven currencies.
The European Commission has called for an extended seven-year budget to help fight against the economic effects of Covid-19, with Ursula von der Leyen saying it was would be a case of a ‘trillion [euros] …of investment initiative’.
It’s never to late to protect your money against these volatile times. With a forward contract, your Personal Trader can secure you a fixed exchange rate for up to twelve months – find out more by calling them today on 020 7898 0541.
