The euro ended yesterday weaker against the pound after data releases showed business sentiment to be much lower than expected. Nonetheless, UK GDP figures released today show that yearly growth slowed further to almost 1%, while quarterly growth stagnated. The pound has weakened this morning.
The dollar rebounded against many major currencies, again benefitting from its safe haven status and in spite of growing worries over the impact of coronavirus on the American economy, especially in the state of New York.
Speak to your Personal Trader on 020 7898 0541 to find out the easy ways to protect your money against this unpredictable, volatile climate. By using a forward contract, you can lock yourself in the same the exchange rate for up to twelve months – so your money is not affected by any further drops.
