An extremely eventful week lies ahead of us, which could bring significant movements in the currency markets. The US election will take place tomorrow and we may know the result by Wednesday morning. Currencies across the globe could be impacted by any election news, especially as the race is looking tight in key swing states.

The Bank of England meeting and the FOMC meeting are also due to take place this week. Considering the increase in COVID-19 infections globally and the impending ‘lockdown 2.0’ in England, it will be interesting to hear what officials have to say about the impact on economies.

Make sure any upcoming transactions are protected against the risks of sudden market movements on election night. Secure a fixed exchange rate now with a forward contract; call your Personal Trader on  020 7898 0541 to get started.

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