Sterling starts the week holding onto some of the gains it made last week when the EU commission president said she was hopeful of a deal.
Other than that small ray of sunshine, the headwinds against sterling seem to be stronger than ever this morning as the government decides on how far to sacrifice the economy to keep coronavirus cases to a minimum and “save Christmas”.
When you see so many swathes of the economy still frozen solid, from tourism to transport to entertainment and hospitality, it’s hard to envy the politicians.
Second-guessing the politicians will be currency markets, and the general feeling seems to be negative (“bearish” in City parlance) towards sterling.
With just about the last round of Brexit talks starting the following week, this week could be your last chance to lock in a decent rate before the winter sets in both metaphorically and meteorologically.
Speak to your trader on 020 8108 5337.
