Sterling weakened yesterday as data showed that Britain’s economy grew at the weakest annual pace in more than seven years in November. This has increased fears of an interest rate cut later this month.
It’s relatively quiet on the data front for the Eurozone today, but in the US a series of data will be released, including inflation rate. The markets also look ahead to the signing of the phase one US-China trade deal, which is due to take place tomorrow.
Make sure to lock in your rate today to protect your budget against any sudden market changes. Speak to your Personal Trader about a forward contract on 020 7898 0541.
