The Prime Minister is due to meet with President Macron in Paris today. Johnson’s talks with Chancellor Angela Merkel in Berlin yesterday seemed to provide some hope of finding a solution to the controversial backstop. However, Macron has already made it clear that the current deal is not up for negotiation. The pound is looking choppy ahead of this meeting.
In Europe, Italy is gearing up for a potential snap election. The results of the ECB’s monthly meeting will be released later today, which could affect the euro.
After experiencing a boost due to ‘less dovish’ FOMC meeting minutes, the dollar looks ahead to the Federal Reserve’s Jackson Hole meeting, which starts today.
Make sure to lock in your exchange rate with a forward contract to protect your funds from this ongoing uncertainty. Speak to your Personal Trader on 020 7898 0541 to get started.
