After news over the weekend that travellers from the UK will have to quarantine after visiting Spain, airline and travel stocks tumbled yesterday. Last night, Spain’s Prime Minister, Pedro Sanchez, criticised the decision by the UK government, calling it an “error”.
The pound continues to be driven by dollar and euro movements this week. The euro is still benefitting from good news regarding the EU’s coronavirus recovery fund. Meanwhile, the dollar is suffering as COVID-19 cases continue to rise in the US. However, it has started to make a small recovery this morning ahead of the Federal Reserve’s meeting this week.
Make sure you lock in your exchange rate with a forward contract today, so your money isn’t affected by uncertainty. Speak to your Personal Trader on 020 7898 0541 to get started.
