Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 31/08/2017

Thu, August 31, 2017

Will GBP/EUR Reach Parity?

The Pound has never fallen as low as parity before. During the credit crunch of 2008 the lowest it fell to was 1.03.

Sterling is up slightly to 1.0852 compared to yesterday where it fell to 1.0741. While some economists are expecting the currency pair to reach parity by the end of 2017 and prolonging at that level well into 2018.

The reason for the drop is a combination of Eurozone strength and the ECB’s plans to roll back quantitative easing.

Also, the BOE’s reluctance to raise interest rates is part of the reason Sterling has fallen.

The Pound fell against the Dollar this morning to 1.285. Sterling rose against the Euro to 1.0853.

Data to look out for today.

10:00: EUR Euro-Zone Consumer Price Index

13:30: USD Initial Jobless Claims

13:30: USD Personal Consumption Expenditure Core

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 06:00 EUR EUR German Retail Sales (MoM)
THU 06:00 EUR EUR German Retail Sales (YoY)
THU 07:25 GBP GBP BOE's Michael Saunders speaks in Cardiff Wales
THU 07:55 EUR EUR German Unemployment Change
THU 07:55 EUR EUR German Unemployment Rate s.a.
THU 09:00 EUR EUR Euro-Zone Unemployment Rate
THU 09:00 EUR EUR Euro-Zone Consumer Price Index Estimate (YoY)
THU 09:00 EUR EUR Euro-Zone Consumer Price Index - Core (YoY)
THU 11:30 USD USD Challenger Job Cuts (YoY)
THU 12:30 USD USD Personal Income
THU 12:30 USD USD Initial Jobless Claims
THU 12:30 USD USD Personal Spending
THU 12:30 USD USD Continuing Claims
THU 12:30 USD USD Real Personal Spending
THU 12:30 USD USD PCE Deflator (MoM)
THU 12:30 USD USD Personal Consumption Expenditure Deflator (YoY)
THU 12:30 USD USD Personal Consumption Expenditure Core (MoM)
THU 12:30 USD USD Personal Consumption Expenditure Core (YoY)
THU 13:45 USD USD Chicago Purchasing Manager
THU 14:00 USD USD Pending Home Sales (MoM)
THU 14:00 USD USD Pending Home Sales (YoY)
THU 14:30 USD USD EIA Natural Gas Storage Change
THU 14:30 USD USD EIA Working Natural Gas Implied Flow

Foreign Exchange Rates

GBP/USD 1.2849
GBP/EUR 1.0856
EUR/USD 1.1829
GBP/AUD 1.6320
GBP/CAD 1.6268
GBP/CHF 1.2441
GBP/CZK 28.3493
GBP/DKK 8.0779
GBP/HKD 10.0624
GBP/INR 82.52
GBP/JPY 142.18
GBP/ NOK 10.0768
GBP/ NZD 1.8016
GBP/PLN 4.6261
GBP/ SEK 10.3004
GBP/ SGD 1.7492
GBP/THB 42.68
GBP/TRY 4.4604
GBP/ ZAR 16.7877
GBP/AED 4.7228

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

August 2017
S M T W T F S
30 311 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
RSS Feed

Please subscribe to our FREE foreign exchange market update feed.

Cookies On The KBRFX Website

We use cookies on our website. They help us to know a little bit about you & how you use our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on our website. However, if you would like to, you can change your cookie settings at any time.

Continue Find out more