The pound is stronger against the dollar today mainly due to weakness from the greenback, which has come about because of falling treasury yields.
Against the euro, sterling strengthened to a 10-day high this morning before weakening again. This comes ahead of a busy week of data for the UK, with inflation rate and PMI (Purchasing Manager’s Index) figures due.
The European Central Bank will hold its latest decision on interest rates this Thursday. Officials are expected to comment on the ECB’s PEPP programme and rising bond yields, as well as the acceleration of vaccine rollouts in many European countries. Any surprise outcomes could have an impact on the markets.
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.
