The pound is choppy as the Supreme Court is set to announce its decision on Parliament’s prorogation at 10:30 this morning. Sterling was already under pressure yesterday after Michel Barnier said it was ‘difficult to see’ how a deal could be reached soon.
European manufacturing figures showed a poor picture yesterday, coming in below expectations, and the Bundesbank’s quarterly report warned that Germany’s economy might still be contracting.
On the other hand, manufacturing figures in the US showed a slight recover from last month’s low, although there is still ground to be regained. China’s trade delegation has left America earlier, ostensibly due to changed travel arrangements – but Treasury Secretary Steven Mnuchin has confirmed that talks will resume in two weeks.
Make sure to lock in your exchange rate ahead of so much uncertainty. Speak to your Personal Trader about a forward contract on 020 7898 0541 today.
