The bill to prevent a no-deal Brexit is continuing to pass apace through Parliament, and the House of Lords are expected to pass it through by 5pm. Nonetheless, the pound is down somewhat against the euro, with an election widely expected in the coming weeks or months but no certainty on the date. Labour so far has not supported an election before no-deal is definitively off the table, but the government is said to be looking at ways to call one without two-thirds support.
German industrial production unexpectedly declined last month, making it six non-concurrent months out of twelve this year to post negative results. The markets will be closely watching Eurozone-wide GDP figures, due later today.
It’s a choppy start to the day for the dollar, ahead of non-farm payroll data and wage growth, which expected to show a fall.
Protect your money against this uncertainty with a forward contract, which locks you in a fixed exchange rate for up to twelve months. Speak to your Personal Trader on 020 7898 0541 today.
