The pound was boosted yesterday, achieving it’s second biggest daily rise of the year against the dollar, following talks between Boris Johnson and Leo Varadkar. A statement said that they could see a ‘pathway’ to a Brexit deal. This came on the back of positive news that the UK seems likely to avoid a recession, as GDP three-month average figures came in 0.2% above expectations.
Germany’s economy continues to show signs of weakness, with its balance of trade and current account figures continuing to shrink. French industrial production also dropped, in a less-than-stellar day for the eurozone’s key economies.
The dollar dropped to two-week lows yesterday, as demand for the dollar a safe haven fell on hopes of a US-China trade deal.
We’ve seen another twist in the political system yesterday, but no-one can predict what the final result will be. Instead, simply ring-fence your money against the risks of the live markets with a forward contract. Speak to your Personal Trader on 020 7898 0541 to get started.
