Sterling is strong against the dollar and the euro this morning ahead of a busy week. The Bank of England will hold its latest monetary policy decision on Thursday. Any comments or plans concerning negative interest rates could affect the pound.
President Biden’s large economic stimulus bill still hasn’t garnered bipartisan support in Congress. A group of Republicans wrote to the President over the weekend to request a smaller spending package. However, the bill could be pushed through without Republican support.
PMI data will be released for the UK, US and Eurozone this week. This, as well as Non-Farm Payrolls for the US, GDP in the Eurozone and a series of other data, should paint a picture of how economies fared in January.
Act now to ensure that your upcoming transactions are protected against the risks of sudden market movements. Call your Personal Trader on 020 7898 0541 or receive a quote to secure a fixed exchange rate now with a forward contract.
