Sterling has reached its highest level since May against the euro and is strong against the dollar this morning. The pound strengthened following yesterday evening’s poll, which suggests that the Conservative Party will win the election with a comfortable majority.
Today will be a busy day for the Eurozone, with a number of important data releases, including consumer confidence and industrial figures. The markets are expecting a decline in both industrial sentiment and business confidence.
The dollar strengthened yesterday, following GDP figures which showed the economy grew faster than expected, as new orders for durable goods unexpectedly also grew.
With two weeks from the UK general election, there’s still time to protect your money against any uncertainty in the run-up. Simply call your Personal Trader today on 020 7898 0541 to lock in your rate with a forward contract.
