Optimism seems cautiously renewed after the G7 summit that the chance of a Brexit deal, while slim, might be a little more probable than previously thought, but there remains much work to be done. Meanwhile, no-deal may be less likely, with opposition leaders meeting to discuss a working arrangement to stop any ‘cliff-edge’ departure on 31st October.
It’s been a quiet start to the day for the eurozone, after releases early this morning showed Germany’s economy to have contracted in the second quarter of this year.
The dollar is down this morning, after Jerome Powell acknowledged on Friday the ‘deteriorating’ global economic situation. Chinese officials are said to have offered to return to trade talks, but it remains to be seen what will come out of this.
There’s a busy week ahead for economic releases and other factors, so make sure to secure a fixed rate today with a forward contract. Speak to your Personal Trader on 020 7898 0541 to find out how.
