The pound strengthened on hopes of a softer Brexit, as Theresa May revealed last night that she would seek a short extension from the European Union. The Prime Minister intends to meet Jeremy Corbyn to come to a consensus on the plan for exiting the EU, although she is still insistent that it would involve her withdrawal agreement.
It’s been a quiet day for the Eurozone, although French, German and Spanish PMI data all came in higher than expected, in some positive news. There is also optimism in the US around trade talks , with rumours of a summit at the end of the month between Donald Trump and Xi Jinping.
It’s another rocky week ahead – an extension is not even guaranteed – but you can protect your money from this. Simply speak to your Personal Trader on 020 7898 0541 about how a forward contract lets you lock in the exchange rate for up to a year.
