The pound is weaker against the euro and the dollar this morning after reacting to trade negotiation headlines over the weekend. This week will be busy for sterling, with GDP growth figures and industrial production tomorrow, as well as a cabinet reshuffle on Thursday.
Friday will also see Eurozone GDP figures; until then, it’s quite quiet for euro releases, so we can expect politics and speculation to play a strong part.
The US dollar had a brief boost last Friday, after non-farm payrolls came in better than expected. This week will see inflation figures on Wednesday, expected to show a small drop, followed by retail sales and industrial production on Friday.
Take advantage of a relatively quiet week and lock in your exchange rate – something unexpected could cause the markets to move in a different direction. Call your Personal Trader today on 020 7898 0541 to find out about setting up a forward contract.
