Sterling has fallen this morning as Bank of England policymaker, Michael Saunders, has said that a cut to interest rates may be needed. It was a mixed day for the pound yesterday, as the government lost its seventh vote since Boris Johnson took office. The atmosphere in Parliament continues to be explosive, with little sign of calming down yet.
The ECB released its economic bulletin yesterday, in which it warned of risks to the eurozone economy and reduced its forecasts for 2019 and 2020. It comes as differences between policymakers over the coming stimulus package have spilled over into the media, and Germany’s appointee Sabine Lautenschlaeger has resigned in protest.
Growth in the US slowed in the last quarter, despite some of the best consumer spending figures in the last four years.
It’s simple to protect your money in this climate of uncertainty. Speak to your Personal Trader today on 020 7898 0541 about a forward contract.
