The pound is still strong against both the euro and the dollar this morning, as dollar weakness and worries over infection rates in Europe give sterling a boost. Positive data released for the UK yesterday has also helped the pound.
The dollar continues to suffer after Jerome Powell’s speech last week, which revealed that the Federal Reserve will focus more on employment and tolerate periods of higher inflation. Two other Fed officials are due to speak later today.
Now could be a great time to lock in the current rate with a forward contract, to protect your money from currency fluctuations. Speak to your Personal Trader on 020 7898 0541 to get started.
