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Foreign Exchange Daily Market Update 11/10/2017

Wed, October 11, 2017

Pound Climbs After Industrial Production Smashes Expectations

The Pound rose yesterday after UK Industrial production beat economists’ forecasts. Total production output in the industrial sector rose 1.6% higher than a year earlier. It was only forecasted to rise 0.8%. Manufacturing output was 2.8% higher, beating its forecast of a 1.9% increase.

The Pound rose after this data increasing to 1.3184 versus the Dollar and 1.1193 against the Euro.

The Pound fell slightly today against the Euro after some talks that the BOE will delay a rate hike.

Sterling is currently trading at 1.3202 against the Dollar and 1.1136 versus the Euro.

Data to look out today.   

Not Much Data Out Today

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
WED 11:00 USD USD MBA Mortgage Applications
WED 11:15 USD USD Fed's Evans Speaks on Economy and Monetary Policy
WED 14:00 USD USD JOLTS Job Openings
WED 15:30 USD USD U.S. to Sell 3-Year Notes
WED 17:00 USD USD U.S. to Sell USD20 Bln 10-Year Notes Reopening
WED 18:00 USD USD FOMC Meeting Minutes
WED 18:40 USD USD Fed's Williams Gives Community Leaders Speech
WED 18:50 EUR EUR ECB's Praet Speaks in New York
WED 23:01 GBP GBP RICS House Price Balance

Foreign Exchange Rates

GBP/USD 1.3201
GBP/EUR 1.1136
EUR/USD 1.1845
GBP/AUD 1.6969
GBP/CAD 1.6505
GBP/CHF 1.2838
GBP/CZK 28.8402
GBP/DKK 8.2928
GBP/HKD 10.3075
GBP/INR 86.53
GBP/JPY 148.11
GBP/ NOK 10.4452
GBP/ NZD 1.8651
GBP/PLN 4.7690
GBP/ SEK 10.6250
GBP/ SGD 1.7899
GBP/THB 43.81
GBP/TRY 4.8444
GBP/ ZAR 17.9015
GBP/AED 4.8510

*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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