The government said yesterday that it would seek to enshrine the transition date deadline in law, raising fears of the UK leaving without a trade deal. The pound weakened as a result, losing some of its gains of the past few days.
Meanwhile, it’s a quiet day for data in the Eurozone, although construction figures mid-morning are expected to show a positive uptick, in contrast to this time last year.
US industrial production beat expectations yesterday, showing the biggest jump in output since October 2017. However, this was tempered by poor manufacturing production.
There’s a lot coming up this week which could impact the pound, so make sure to protect your money if you’re planning transfers over the coming months. Lock in your exchange rate with a forward contract, so you always know exactly how much you’re paying. Speak to your Personal Trader on 020 7898 0541 to start.
