The dollar is stronger this morning as uncertainty over the outcome of the US election sets in. It’s a tighter race than the polls suggested and some key swing states are reporting a delay in vote counting. President Trump has already won in the key battlegrounds of Florida, Texas and Ohio, meaning that the Democrat ‘blue sweep’ that was predicted hasn’t materialised.
After reaching a two-month high earlier this morning due to positive Brexit news, the pound has weakened on election uncertainty. The euro is weaker against the dollar as it awaits key data today.
The race isn’t over and further US election news has the potential to impact currencies. With this in mind, please do ensure that any upcoming transactions are protected against sudden market movements.
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