The pound has weakened against the euro and the dollar as the Prime Minister said yesterday that leaving the EU without a trade deal is a “strong possibility”. He explained that the two sides are still far apart on key issues. On Sunday, the UK and the EU are expected to decide whether talks are worth continuing or not.
The euro is strong after the European Central Bank announced that they are boosting their stimulus programme. In the US, the dollar has weakened after the FDA approved the Pfizer vaccine yesterday, meaning that it can start to be administered throughout the country.
As Brexit talks continue, 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.
