The pound has started the day up against the euro and dollar as the UK goes to the polls, but there could be much volatility throughout today and onwards.
As well as the election, we also have Christine Lagarde’s first monetary policy meeting at the ECB, which the markets will be watching closely for any hints of future direction, although interest rates are expected to be held this time around.
The dollar weakened yesterday after the Federal Reserve announced that they would keep rates on hold, but also said that they would like to see a significant move in inflation before hiking rates again.
Nobody can predict with complete certainty what the result of today’s election will be, and where the pound will go afterwards. You can read our explanation of the major financial policies, but do also consider how you will protect your money from this upcoming volatility. Speak to your Personal Trader on 020 7898 0541 to lock in today’s exchange rate for up to twelve months, so you always know how much your money’s worth, no matter what happens.
