Speaking yesterday, Hunt said he looks to cut UK taxes and “turbo-charge growth” in today’s Autumn Statement. The pound gained slightly against the euro following these surprise comments.
To avoid the unknown, call your trader on 020 7898 0541 to discuss fixing your rate for up to the year ahead with a forward contract.
As excitable as ever, investors will be listening as Hunt takes to the podium for the Autumn Statement, due at noon. The chancellor is set, so it is believed, to reveal 110 measures designed to boost the British economy.
Any growth-boosting announcements will influence the pound, however, there’s an innate volatility with currency markets so no one knows if it will be positive or negative, so manage your currency risk wisely.
If you are committed to a major purchase overseas and might have a problem finding thousands of pounds extra at the last minute, do call your trader today on 020 7898 0541 and discuss fixing your rate before midday.
