Following on from positive GDP data at the start of this week, better-than-expected unemployment figures and wage data helped to strengthen the pound a little, despite Brexit concerns. Boris Johnson held talks with the DUP to try to further negotiations for a Brexit deal. The talks were reportedly ‘positive’.
Despite the bill against no-deal passing through Parliament, fears of a cliff-edge exit do remain; Guy Verhofstadt joined with French officials yesterday in calling for a veto of an extension under the current circumstances. Meanwhile, much attention in the eurozone will be focused on tomorrow’s rate decision and potential stimulus package announcement.
US job openings fell for the second month in a row, although there is a range of economic data to come today, tomorrow and on Friday, and the markets will be watching closely for signs of the health of the American economy.
A forward contract is a simple way to protect your money against this uncertainty, by locking in a fixed exchange rate for up to twelve months. Speak to your Personal Trader on 020 7898 0541 to find out more.
