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Foreign Exchange Daily Market Update 12/05/2017

Fri, May 12, 2017

Pound Declines After BOE Vote

The Pound declined the most in a month after the BOE voted to keep rates unchanged by a 7-1 vote, a result that disappointed those who thought a second policy maker would join Kristin Forbes in calling for higher rates.

Sterling traded at its weakest level in a week after policy makers maintained rates at 0.25%, a decision which was expected by most economists. The currency neared its strongest level in 9 months leading up to the decision.

The Pound fell 0.7% to 1.2852 against the Dollar, its biggest one-day drop in a month. It had earlier reached $1.2949, before falling after data yesterday morning showed U.K. industrial output and trade were lower than expected in March.

Data to look out for today.

13:30: USD Consumer Price Index

13:30: USD Advance Retail Sales

15:00: USD U. Of Michigan Confidence

CURRENCY PAYMENTS MADE SIMPLE

PRESS RELEASE

KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html

Data Releases

Day Time Currency Event
FRI 06:00 EUR EUR German Gross Domestic Product s.a. (QoQ)
FRI 06:00 EUR EUR German Gross Domestic Product w.d.a. (YoY)
FRI 06:00 EUR EUR German Gross Domestic Product n.s.a. (YoY)
FRI 06:00 EUR EUR German Consumer Price Index (MoM)
FRI 06:00 EUR EUR German Consumer Price Index (YoY)
FRI 09:00 EUR EUR Euro-Zone Industrial Production s.a. (MoM)
FRI 09:00 EUR EUR Euro-Zone Industrial Production w.d.a. (YoY)
FRI 12:30 USD USD Consumer Price Index (MoM)
FRI 12:30 USD USD Consumer Price Index Ex Food & Energy (MoM)
FRI 12:30 USD USD Consumer Price Index (YoY)
FRI 12:30 USD USD Consumer Price Index Ex Food & Energy (YoY)
FRI 12:30 USD USD Consumer Price Index Core Index s.a.
FRI 12:30 USD USD Consumer Price Index n.s.a.
FRI 12:30 USD USD Real Avg Weekly Earnings (YoY)
FRI 12:30 USD USD Real Avg Hourly Earning (YoY)
FRI 12:30 USD USD Advance Retail Sales
FRI 12:30 USD USD Retail Sales Less Autos
FRI 12:30 USD USD Retail Sales Ex Auto and Gas
FRI 12:30 USD USD Retail Sales Control Group
FRI 13:00 USD USD Fed's Evans Speaks in Dublin
FRI 14:00 USD USD U. of Michigan Confidence
FRI 14:00 USD USD U. of Mich. Current Conditions
FRI 14:00 USD USD U. of Mich. Expectations
FRI 14:00 USD USD U. of Mich. 1 Yr Inflation
FRI 14:00 USD USD U. of Mich. 5-10 Yr Inflation
FRI 14:00 USD USD Business Inventories
FRI 16:30 USD USD Philadelphia Fed's Harker Speeks at Drexel University
FRI 17:00 USD USD Baker Hughes U.S. Rig Count

Foreign Exchange Rates

GBP/USD 1.2847
GBP/EUR 1.1824
EUR/USD 1.0859
GBP/AUD 1.7392
GBP/CAD 1.7618
GBP/CHF 1.2956
GBP/CZK 31.4146
GBP/DKK 8.7994
GBP/HKD 10.0177
GBP/INR 83.03
GBP/JPY 146.04
GBP/ NOK 11.0512
GBP/ NZD 1.8779
GBP/PLN 4.9926
GBP/ SEK 11.4249
GBP/ SGD 1.8088
GBP/THB 44.65
GBP/TRY 4.6245
GBP/ ZAR 17.3136
GBP/AED 4.7221

*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team

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