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Foreign Exchange Daily Market Update 25/08/2017

Fri, August 25, 2017

Pound Slumps to 8 Year Low Against Euro

The Pound has hit an eight-year low versus the Euro after the single currency was encouraged by better than expected economic data while the UK still faces Brexit uncertainty.

Sterling fell near to 1.08 against the Euro as it continued a recent slump which has taken it beyond previous post-referendum lows. It has not been this low since October 2009 when it came close to parity with the euro.

The U.K. currency was also down versus the Dollar, trading at below 1.28 for the first time since the end of June.

Sterling picked up slightly over night to 1.2803 & 1.0862.

Data to look out for today.

13:30: USD Durable Goods Orders

15:00: USD Yellen Speaks At Fed Conference

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 Import Price Index (MoM)
FRI 06:00 EUR EUR German Import Price Index (YoY)
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 Private Consumption
FRI 06:00 EUR EUR German Government Spending
FRI 06:00 EUR EUR German Capital Investment
FRI 06:00 EUR EUR German Construction Investment
FRI 06:00 EUR EUR German Domestic Demand
FRI 06:00 EUR EUR German Exports
FRI 06:00 EUR EUR German Imports
FRI 08:00 EUR EUR German IFO - Business Climate
FRI 08:00 EUR EUR German IFO - Expectations
FRI 08:00 EUR EUR German IFO - Current Assessment
FRI 12:30 USD USD Durable Goods Orders
FRI 12:30 USD USD Durables Ex Transportation
FRI 12:30 USD USD Cap Goods Orders Nondef Ex Air
FRI 12:30 USD USD Cap Goods Ship Nondef Ex Air
FRI 14:00 USD USD Yellen speaks at Fed Conference in Jackson Hole Wyoming
FRI 17:00 USD USD Baker Hughes U.S. Rig Count
FRI 19:00 EUR EUR ECB President Mario Draghi speaks in Jackson Hole

Foreign Exchange Rates

GBP/USD 1.2803
GBP/EUR 1.0857
EUR/USD 1.1791
GBP/AUD 1.6185
GBP/CAD 1.6026
GBP/CHF 1.2347
GBP/CZK 28.3351
GBP/DKK 8.0769
GBP/HKD 10.0254
GBP/INR 82.37
GBP/JPY 140.46
GBP/ NOK 10.0497
GBP/ NZD 1.7736
GBP/PLN 4.6284
GBP/ SEK 10.3282
GBP/ SGD 1.7429
GBP/THB 42.66
GBP/TRY 4.467
GBP/ ZAR 16.8538
GBP/AED 4.7061

*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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