The pound has regained some strength against the dollar and is stronger against the euro this morning as markets show some cautious optimism around the Russia-Ukraine crisis.
Both the UK and US have imposed strict sanctions on Russia, particularly targeting Russian banks and wealthy business leaders.
On the first day of Russia’s invasion, the euro fell by almost 1% against the dollar but has since stabilised. President of the European Central Bank Christine Lagarde will speak later on the impacts of the invasion on the Bank’s monetary policy outlook. Her comments could trigger further volatility.
The main focus for today will be a meeting of NATO alliance leaders to address the crisis.
Make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
