The pound is stronger against the dollar and the euro this morning ahead of the seventh round of Brexit negotiations, which begins in Brussels today. It’s thought that talks will focus on whether London’s financial sector will have access to the EU’s market after the Brexit transition period.
The dollar is weak against both the pound and euro due to a number of factors, including the stimulus relief bill for the US economy, which still hasn’t been finalised, and the rhetoric surrounding the upcoming Presidential election.
There’s no telling where the pound will head over the next few days, so now would be a good opportunity to protect your transfers. 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.
