The pound kept its ground against the euro this morning as the Prime Minister is set to meet Emmanuel Macron and Angela Merkel to put forward her case for a short Brexit extension. With claims of a breakthrough with Labour on the horizon, it seems that the markets are holding their breath to see what happens in the next few days.
The Eurozone is a little rattled as fears of a US-EU trade war can now be added to its economic worries, but, again, the euro showed little movement as all eyes are on Brexit and the ECB’s meeting. The dollar weakened somewhat yesterday, although economic data came in well, meeting forecasts.
There is a sense of the calm before the storm – so make sure to safeguard your budget with a forward contract. Call your Personal Trader on 020 7898 0541 to find out more.
