We have a big week ahead, as voting closes today to make way for a new Prime Minister. The winning candidate will be announced tomorrow and will take office on Wednesday. It’s safe to say that he’ll have a multitude of issues to tackle imminently, including rising tensions in the Gulf.
Both the euro and dollar look ahead to economic data releases this week, with a flurry of Eurozone PMI’s on Thursday and US GDP on Friday. The ECB will also make their rate decision on Thursday. While no rate move is expected, focus will turn to ECB policy plans for the next few months.
It’s important to protect your money as we approach a potentially volatile week. Do so by locking in a forward contract, or call your Personal Trader on 020 7898 0541.
