The latest Bank of England monetary policy meeting will take place around midday today and the markets will be watching closely. Decreasing expectations for negative interest rates have supported the pound over recent months, so any significant developments today could have an impact on sterling.
The Federal Reserve concluded its meeting yesterday. Whilst it now forecasts faster economic growth in the US than initially expected, officials will maintain a cautious approach towards policy changes.
President of the European Central Bank, Christine Lagarde, said this morning that the risks surrounding economic growth have become “more balanced”.
The pound is still at strong levels this morning, so make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
