Dominic Raab is the latest candidate to be knocked out of the Conservative leadership race, with Boris Johnson storming ahead once more. In a televised debate yesterday evening, Boris surprisingly seemed to soften his stance on leaving the EU without a deal. However, this hasn’t done any favours for the pound.
The euro took a hit yesterday as Mario Draghi suggested that the EU should boost monetary stimulus, provoking a Twitter response from President Trump. The dollar looks stronger this morning as Trump announced that US-China trade talks will resume ahead of the G20 summit next week.
With another round of votes today, the pound is still very much susceptible to political events. Protect your money from this by locking in a forward contract, or call your Personal Trader on 020 7898 0541.
