The pound is weaker ahead of the EU summit, which is due to take place today and tomorrow. There have been reports that the EU will make a final push for concessions from the UK, as issues surrounding fisheries, the level playing field and how to govern the deal remain.
There is speculation that a deal could be signed as early as next week, however, several hurdles still need to be to overcome before this happens. Huge compromises will need to be made on both sides. The outlook, therefore, looks uncertain at the moment for both the deal and the pound.
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.
