The pound has strengthened this morning after reports that the UK and the EU have made progress towards a trade deal. European Commission President, Ursula von der Leyen, said that progress has been made and that the next few days will be critical.
There will be a series of PMI data released today for the Eurozone, Germany and the UK. In the US, the Federal Reserve will conclude their latest monetary policy meeting later and the markets will be looking out for any key announcements or comments from officials.
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.
