The pound reached a five month high yesterday, on the back of comments from the EU’s chief negotiator, Michel Barnier, which suggested that a Brexit deal could be achieved this week. However, as we enter the last day of negotiations, sterling has fallen over worries that a deal may not be agreed on time.
Despite optimism surrounding Brexit talks yesterday, the euro failed to rally, even on talk of the deal being good for the EU.
The dollar was looking mixed yesterday afternoon after a speech from the Federal Reserve’s James Bullard, who outlined risks for the US economy.
This pound continues to be responsive to Brexit talk this week, so it’s wise to protect your money with a forward contract. Contact your Personal Trader on 020 7898 0541 to get started.
