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Foreign Exchange Daily Market Update 11/11/2017

Fri, November 10, 2017

Pound Rises After UK Manufacturing Data

The Pound rose earlier this morning after UK manufacturing surged higher than analysts had expected.

Industrial production rose 0.7%, half a percent higher than the previous month and 0.4% higher than forecasted. Manufacturing production also rose by 0.7% in comparison to the 0.3% rise expected.

However, construction output fell 1.6% which was a bigger drop than the 1.0% that was forecasted.

The Pound to 1.3149 against the dollar from 1.3103. Sterling also rose to 1.1294 versus the Euro.

Data to look out today.   

09:30: GBP UK Industrial Production

09:30: GBP UK Manufacturing Production

09:30: GBP UK Construction Output

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 09:30 GBP GBP Industrial Production (MoM)
FRI 09:30 GBP GBP Industrial Production (YoY)
FRI 09:30 GBP GBP Manufacturing Production (MoM)
FRI 09:30 GBP GBP Manufacturing Production (YoY)
FRI 09:30 GBP GBP Construction Output SA (MoM)
FRI 09:30 GBP GBP Construction Output SA (YoY)
FRI 09:30 GBP GBP Visible Trade Balance (Pounds)
FRI 09:30 GBP GBP Trade Balance Non EU GBP/Mn
FRI 09:30 GBP GBP Trade Balance
FRI 12:30 EUR EUR ECB's Mersch Speaks in Windsor England
FRI 13:00 GBP GBP NIESR Gross Domestic Product Estimate
FRI 15:00 USD USD U. of Mich. Sentiment
FRI 15:00 USD USD U. of Mich. Current Conditions
FRI 15:00 USD USD U. of Mich. Expectations
FRI 15:00 USD USD U. of Mich. 1 Yr Inflation
FRI 15:00 USD USD U. of Mich. 5-10 Yr Inflation
FRI 18:00 USD USD Baker Hughes U.S. Rig Count
FRI 19:00 USD USD Monthly Budget Statement

Foreign Exchange Rates

GBP/USD 1.3140
GBP/EUR 1.1284
EUR/USD 1.1638
GBP/AUD 1.7152
GBP/CAD 1.6664
GBP/CHF 1.3068
GBP/CZK 28.8410
GBP/DKK 8.4018
GBP/HKD 10.2601
GBP/INR 86.12
GBP/JPY 149.20
GBP/ NOK 10.6812
GBP/ NZD 1.8954
GBP/PLN 4.7753
GBP/ SEK 10.9953
GBP/ SGD 1.7895
GBP/THB 43.55
GBP/TRY 5.0884
GBP/ ZAR 18.8917
GBP/AED 4.8291

*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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