The pound is mixed this morning as hopes for a Brexit deal continue to fade. Negotiations between the UK and the EU are still going ahead, however, with Brexit Secretary Steven Barclay and the EU’s chief negotiator, Michel Barnier due to meet today. Boris Johnson will also meet with Irish Prime Minister, Leo Varadkar, for ‘detailed discussions’.
The euro is benefitting from a weaker pound, but given the recent twists and turns of Brexit, there’s no knowing how long this will last.
China have said that they would be open to a ‘partial’ trade deal with the US ahead of face-to-face talks which begin today. Meanwhile, the FOMC September meeting minutes revealed that most Fed officials believed that a 25 basis points rate cut was needed.
You can still easily protect your money against this uncertainty. Simple lock in today’s exchange rate with a forward contract – speak to your Personal Trader on 020 7898 0541 to get started.
