After weakening against the euro and the dollar yesterday, the pound has recovered this morning on expectations that a Brexit trade deal can still be achieved. There has been progress in discussions surrounding fishing rights and there are hopes that a deal can be reached before Christmas.
After chairing an emergency COBRA meeting yesterday following more than 30 countries closing their borders to the UK, the Prime Minister reassured the public that there was no need to panic buy despite possible disruption to supply chains.
We could see volatility for the pound over the coming days and weeks. Take this opportunity to 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.
