News that the Democratic Unionist Party has rejected Boris Johnson’s Brexit deal “as things stand” has sent the pound lower this morning.
The EU summit will take place today, when EU leaders may formally approve a revised Brexit deal. However, due to the DUP’s rejection of the plan, this is so far looking unlikely.
The dollar was low yesterday after disappointing retail sales, however, it is benefiting from the pound’s weakness this morning.
Ongoing Brexit uncertainty is having a mirrored effect on the pound, so it’s wise to protect your money with a forward contract. Speak to your Personal Trader on 020 7898 0541 to find out more.
