A surprise announcement from the Bank of England yesterday caused the pound to weaken, and it is still looking volatile today. Recent developments in the Conservative leadership race have also had a bearing on sterling, with only two candidates, Jeremy Hunt and Boris Johnson, left in the race.
In the Eurozone, focus turns towards a flurry of PMI data which will be released today, whilst the dollar is looking mixed as it tries to recover from the Federal Reserve’s rate announcement.
With both political and economic factors influencing the market, it’s wise to protect your money. Lock in a forward contract or call your Personal Trader on 020 7898 0541.
