Sterling recovered slightly yesterday afternoon, after dropping to due increased expectations of a rate cut. Markets are now pricing in a 43% chance for a 25 basis point cut at the end of this month.
A series of data for the UK, EU and US will be released today, including the Eurozone Balance of Trade figure. After prolonged negotiations, phase one of the US-China trade deal is also due to be signed at the White House later.
No-one can really predict what’s coming up, so don’t leave your money exposed to risk. Simply secure yourself a fixed rate with a forward contract. Speak to your Personal Trader on 020 7898 0541 today.
