The pound is weak this morning, as the chances of securing a Brexit deal look uncertain. EU leaders will meet in a summit this Thursday and Friday, but the mood could shift substantially before then.
There are a number of important economic releases, including British inflation and European trade and industrial data, but this week is likely to be dominated by politics.
In the EU, the eurozone budget has turned out much smaller than envisaged by its proponent Emmanuel Macron, after several smaller countries secured opt-outs. Internal debate continues over future integration of the single currency market countries’ economic management.
Political rhetoric over the US-China trade war continues and, with Chinese GDP figures due this week, we could see some interesting developments – or it could prove to be yet another false start.
There is so much that will put pressure on the markets this week, so don’t leave your transfers to chance. Lock in today’s exchange rate for up to twelve months with a forward contract. Speak to your Personal Trader today on 020 7898 0541.
