The pound gained ground against the euro yesterday after the Eurogroup’s 16-hour talks on a coronavirus rescue package reached a dead end on Wednesday morning. Sterling has also benefitted from Rishi Sunak’s statement that Boris Johnson is ‘clinically stable’ and doing well.
Construction output in the UK dropped, this mornings figures show, as did industrial production in Italy. Further figures today will give an insight into the US economy, with jobless claims expected to rise to 8,000k.
It takes just a few minutes to protect your money against this uncertainty. Speak to us today about using a forward contract to lock in a fixed exchange rate for up to twelve months. Get started by calling your Personal Trader on 020 7898 0541.
