The pound is weaker against the euro and the dollar this morning. A new strain of the COVID-19 virus has been found in England, which has prompted a number of European countries to ban travel to and from the UK. The Prime Minister will chair an emergency COBRA meeting later today amid worries over travel and freight.
The clock is ticking on Brexit negotiations, with some reports suggesting that the final outcome will be announced before Christmas. Sticking points, such as issues surrounding fishing rights and the level playing field, remain.
We could see volatility for the pound over the coming days and weeks. Take this opportunity to make sure any upcoming transactions are protected against the risks of sudden market movements. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on 020 7898 0541 to get started.
