After a strong month overall in August, the pound is still strong against the euro and the dollar this morning. Sterling is performing well against the dollar especially, which has weakened after the Federal Reserve revealed a change of stance last week.
Informal Brexit negotiations will be held in London today between Michel Barnier and David Frost. Reports over the weekend said that the Prime Minister has instructed Frost to drop negotiations if the EU insist that the UK follow its rules on state aid. The markets will be looking for any news of progress this month before negotiations come to a close in early October.
Make sure you lock in your exchange rate with a forward contract today, so your money isn’t affected by uncertainty. Speak to your Personal Trader on 020 7898 0541 to get started.
