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Foreign Exchange Daily Market Update 15/06/2017

Thu, June 15, 2017

Pound Falls After FED Hike Rates

The Pound fell after earlier progress versus the Dollar yesterday after the FED raised interest rates by 0.25% to 1.25% and further stated their intentions of raising them again before the end of the year.

Sterling rose before the meeting after surprisingly poor inflation and retail sales data in the US. It reached a high of 1.2806, but this was later offset of the Fed's continued optimism despite the data.

After the FED raised interest rates the Pound fell to 1.2746, more or less to the level it was at before the meeting.

Today minutes will be released from the BOE rate meeting at 12pm.These are likely to show a 7-1 voting split with Kirsten being the only dissenter again.

The Pound fell this morning against the Dollar to 1.2705. Sterling was little changed against the Euro at 1.1361.

Data to look out for today.

09:30: GBP Retail Sales

12:00: GBP BOE Rate Decision

12:00: GBP Asset Purchase Target

13:30: USD Initial Jobless Claims

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
THU 08:30 GBP GBP Retail Sales (MoM)
THU 08:30 GBP GBP Retail Sales (YoY)
THU 08:30 GBP GBP Retail Sales Inc Auto Fuel (MoM)
THU 08:30 GBP GBP Retail Sales Inc Auto Fuel (YoY)
THU 09:00 EUR EUR Euro-Zone Trade Balance s.a. (euros)
THU 09:00 EUR EUR Euro-Zone Trade Balance (euros)
THU 11:00 GBP GBP Bank of England Rate Decision
THU 11:00 GBP GBP BOE Asset Purchase Target
THU 11:00 GBP GBP BOE Corporate Bond Target
THU 12:30 USD USD Import Price Index (MoM)
THU 12:30 USD USD Empire Manufacturing
THU 12:30 USD USD Import Price Index ex Petroleum (MoM)
THU 12:30 USD USD Import Price Index (YoY)
THU 12:30 USD USD Export Price Index (MoM)
THU 12:30 USD USD Export Price Index (YoY)
THU 12:30 USD USD Initial Jobless Claims
THU 12:30 USD USD Continuing Claims
THU 12:30 USD USD Philadelphia Fed.
THU 13:15 USD USD Industrial Production
THU 13:15 USD USD Capacity Utilization
THU 13:15 USD USD Manufacturing (SIC) Production
THU 14:00 USD USD NAHB Housing Market Index
THU 14:30 USD USD EIA Natural Gas Storage Change
THU 14:30 USD USD EIA Working Natural Gas Implied Flow
THU 20:00 GBP GBP BOE Governor Mark Carney Speaks at Mansion House in London
THU 20:00 USD USD Total Net TIC Flows
THU 20:00 USD USD Net Long-term TIC Flows

Foreign Exchange Rates

GBP/USD 1.2702
GBP/EUR 1.1355
EUR/USD 1.1172
GBP/AUD 1.6719
GBP/CAD 1.6844
GBP/CHF 1.2375
GBP/CZK 29.7532
GBP/DKK 8.4516
GBP/HKD 9.9137
GBP/INR 82.15
GBP/JPY 139.33
GBP/ NOK 10.7640
GBP/ NZD 1.7594
GBP/PLN 4.7762
GBP/ SEK 11.0735
GBP/ SGD 1.7529
GBP/THB 43.11
GBP/TRY 4.4552
GBP/ ZAR 16.1818
GBP/AED 4.6675

*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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