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A Great week for sterling saw the pound make significant recoveries against the dollar and the euro. GBP ended the week above 1.25 on the dollar and 1.17 on the EUR making its gains one of the best post Brexit.
Article 50 being triggered seems to have stabilised a turbulent period for the UK. Investors now see a clear path as a choice has been made. The announcement had been hanging over sterling like a bad smell since the start of the year, this progress means the volatile economy can now begin to focus on a full exit.
In Europe, elections seem to be still taking centre stage with the market watching closely at developments in France and Holland. A win for either one of the nationalist parties could stem a large sell off in EUR causing the single currency to drop against its major counter parts.
Across the Pond all eyes will focus on Non-Farms data released on Friday. A key indicator of the jobs created is a fundamental element in the growing economy and will most likely be a driving factor towards a continued interest rate rise in the US over the coming months.
In these testing times it is imperative that you are well safeguarded against any adverse market movements. Securing a forward contract for any future purchases will give you a fixed end amount. This will completely eradicate market volatility and allow peace of mind. (Forward contracts can be secured for anything up to two years in advance.)
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