Despite some less-than-ideal data releases yesterday – not to mention a looming election that could go any which way – the pound still ended yesterday drifting higher against the euro.
Meanwhile, concerns over the eurozone’s economic performance continue to weigh on the single currency, particularly as the EU’s Brexit negotiating team become more vocal about the potential impact of the UK leaving even with a deal.
Strong economic figures from the US yesterday helped to strengthen the dollar, with business activity, employment and new orders all growing.
With so much on the horizon, the markets could move any way – and you shouldn’t leave your money exposed to this risk. Find out about locking in today’s exchange rate with a forward contract by calling your Personal Trader on 020 7898 0541.
