The pound is strong against the euro and the dollar this morning, despite comments from Boris Johnson that the UK is preparing for an ‘Australia style’ Brexit deal. Chief negotiators, David Frost and Michel Barnier, are expected to set the structure today for further Brexit talks.

A series of PMI data for the Eurozone will be released this week, which could provide an insight into Europe’s economy since increased restrictions due to the pandemic. In the US, House Speaker Nancy Pelosi has given Congress 48 hours to strike a deal on the long-awaited stimulus bill.

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.

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