After a long session on Monday, Parliament has now been prorogued until 14th October, meaning that an election is now highly unlikely until late November – although EU officials have been warning that no further Brexit extension will be given without an election, referendum or ratification of the deal.
Nonetheless, the pound was boosted yesterday by news that the economy unexpectedly grew 0.3%, helping to dampen fears of a recession. Boris Johnson emphasised on a visit to Ireland that he still believes a deal is ‘possible’; how true this turns out to be remains to be seen.
The dollar is looking mixed this morning, after President Trump has suggested that China is keen to resume trade talks.
Protect your money against this uncertainty with a forward contract, locking in the same exchange rate for up to twelve months. Speak to your Personal Trader on 020 7898 0541 to find out more.
