The pound is at strong levels against the euro and has reached a 31-month high against the dollar as hopes for a Brexit trade deal continue. Reports suggest that there has been progress regarding the level playing field, however, negotiators still have the issue of fisheries to contend with. The European Commission President said yesterday that talks concerning fishing remain “difficult”.
Later today, the Bank of England will reveal the outcome of their latest monetary policy meeting. They are expected to keep any changes on hold until they know the outcome of Brexit negotiations.
As Brexit talks continue, we could see volatility for the pound over the coming days and weeks. Take this opportunity to 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.
