The pound has strengthened against both the euro and the dollar this morning on reports that a Brexit trade deal has been reached. There hasn’t been an official announcement yet and negotiators are said to be putting finishing touches to the deal after discussing details through the night. A press conference is expected to be held later today to confirm that a deal has been finalised.
After the deal is announced, it will be scrutinized by political figures on both sides of the pond. However, it is expected to be approved by European member states and the UK Parliament, and could provisionally come into place from January 1.
The pound strengthened yesterday and has stayed strong this morning. However, it remains reactive to headlines. 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.
