Sterling suffered from poorer than expected economic data yesterday, while the euro hit a 16-month high against the dollar.
Yesterday the British Home Secretary unveiled new post-Brexit immigration plans, which will include a ‘health and care visa’, but overall is intended to encourage investment in training of British employees.
It was announced that face masks will be required in all UK shops from 24 July, as it is in most European countries.
The UK banned Huawei products from its 5G system, following pressure from the US, instructing companies to remove all Huawei equipment by 2027.
President Trump further increased pressure on China, imposing sanctions on Chinese officials in protest at a new security law imposed on Hong Kong by the Beijing government, and also ended preferential economic treatment for Hong Kong.
In Europe, France celebrated Bastille Day, but instead of the usual military parade down the Champs-Elysées there was a tribute to healthcare workers who have treated Covid patients.
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.
