Sterling touched a near 7 month high against the euro and the dollar yesterday, but weakened slightly in the afternoon. Labour has announced that it will rejig its campaign strategy to target Leave-voting areas, which could mean a further narrowing of the poll lead between the two main parties.
European data releases showed greater-than-expected confidence from consumers and retailers in the single market’s economy, which can only be taken as a positive sign. Nonetheless, the ECB again urged major economies like Germany yesterday to make use of financial stimulus packages to boost growth.
The dollar traded in a narrow range, with the markets waiting for China’s reaction to President Trump’s signing of the Hong Kong bill. There has not yet been any official indication of an impact upon trade talk relations.
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