The pound dipped to its lowest point for a month over the Easter weekend, slightly below the USD1.30 level. This continued its surprisingly poor run of form from before Easter, when even far-above-expectation retail sales failed to make up for the continued Brexit uncertainty.
That uncertainty has been heightened by the apparent success of Nigel Farage’s new Brexit Party, the support among Conservative grass-roots members for replacing Theresa May with a leader more willing to countenance No Deal, such as Boris Johnson, and the increased possibility of a General Election that could elect a far-left Labour government.
Opinion polls could once again be controlling sterling in the weeks ahead, so don’t leave your money exposed to the vagaries of politics. Speak to your Personal Trader on 020 7898 0541 about fixing your exchange rate with a forward contract.
