The pound has weakened slightly against the euro and the dollar as the new year begins. It awaits the release of Manufacturing PMI data later this morning.
We’ll also see Manufacturing PMI for the US today, and a series of data has already been released for the eurozone this morning.
At the beginning of this new year, consider how you’re going to protect your planned transfers and budgets for 2020. A forward contract can lock in a fixed exchange rate for up to a year, so your money is protected from currency fluctuations.
