The pound is strong today following some positive news about the progress of Brexit talks, suggesting that a deal could be reached soon. Negotiations move to Brussels today as the two sides continue to discuss key issues.

Rising coronavirus cases across Europe and the announcement of national lockdowns in Germany and France have caused the euro to weaken and the dollar to strengthen. The European Central Bank are expected to comment on the state of the European economy at their meeting later today.

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.

Want to know what could affect the pound, euro and dollar in the coming months? Our Quarterly Forecast outlines upcoming events and includes predictions from major banks. Download here!

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