Good morning,
GBPUSD is now trading at a weekly high of 1.3150, having sunk to 1.2850 in the build up the US election. With results still not clear, and no way of being sure when the final votes will be counted, the dollar is being sold off again. EURUSD has now been pushed just shy of 1.1860, having fallen to 1.16 on Wednesday. USDJPY, the dollar vs risk pair, has sunk to 103.40 whilst gold has appreciated to its highest level since 21st September. These are tough conditions for the financial markets, and a good reminder that managing risk should be the number one priority.
US jobs data via the non-farms report is due out at 13:30 today. Previous data releases have had little impact on the markets as investors and analysts focused more on how Covid-19 would impact the US economy in the short and long term.
One observation from yesterday’s BOE meeting was Andrew Bailey’s comments on negative rates, which has been a keenly discussed subject. He said work was ongoing, meaning they are by no means preparing for negative rates, but are assessing all the tools available to them.
Today’s markets will remain volatile and with the currency markets closing this evening, anything left to Monday will be subject to developments over the weekend. If you’re planning on making a transfer, please reach out to the account management team.
Have a great day and weekend. 
Author: Alistair Hutson, Head of Relationship Management
Whilst every effort is made to ensure the information published here is accurate, you should confirm the latest exchange rates with WorldFirst prior to making a decision. The information published is general in nature only and does not consider your personal objectives, financial situation or particular needs. Full disclaimer available here.