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Foreign Exchange Daily Market Update 06/12/2017

Wed, December 06, 2017

Pound falls over Brexit-talks conundrum. 

Sterling was heading for its biggest drop in three weeks against the dollar after Ireland said it may not agree to alter a proposed border deal with the U.K. that reportedly stalled Brexit talks on Monday.  

Sterling weakened after Britain and the European Union said on Monday afternoon that they had not made satisfactory progress to proceed negotiations to the next stage

After Monday’s meeting failed to reach an agreement, the next big deadline for pound is Dec. 14-15 for the EU summit, with the EU set to give its verdict on whether Britain can progress to discussing the future relationship at the summit.

Sterling fell 0.4% to $1.3427 against the dollar, after touching $1.3371 earlier. It weakened 0.4% to 1.1315 against the Euro.

Data to look out today.   

Not much data due today.




KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex

Data Releases

Day Time Currency Event
WED 07:00 EUR EUR German Factory Orders (MoM)
WED 07:00 EUR EUR German Factory Orders n.s.a. (YoY)
WED 08:30 EUR EUR Markit Germany Construction PMI
WED 09:10 EUR EUR Markit Germany Retail PMI
WED 09:10 EUR EUR Markit Eurozone Retail PMI
WED 09:10 EUR EUR Markit France Retail PMI
WED 09:10 EUR EUR Markit Italy Retail PMI
WED 10:30 EUR EUR ECB Executive Board member Yves Mersch speaks in Frankfurt
WED 12:00 USD USD MBA Mortgage Applications
WED 13:15 USD USD ADP Employment Change
WED 13:30 USD USD Nonfarm Productivity
WED 13:30 USD USD Unit Labor Costs
WED 15:30 USD USD DOE U.S. Crude Oil Inventories
WED 15:30 USD USD DOE Cushing OK Crude Inventory
WED 15:30 USD USD DOE U.S. Gasoline Inventories
WED 15:30 USD USD DOE U.S. Distillate Inventory

Foreign Exchange Rates

GBP/USD 1.34044
GBP/EUR 1.13306
EUR/USD 1.18210
GBP/AUD 1.76362
GBP/CAD 1.69667
GBP/CHF 1.32214
GBP/CZK 29.0711
GBP/DKK 8.43104
GBP/HKD 10.46273
GBP/INR 86.4690
GBP/JPY 150.195
GBP/ NOK 11.1419
GBP/ NZD 1.93900
GBP/PLN 4.77348
GBP/ SEK 11.25901
GBP/ SGD 1.80419
GBP/THB 43.6459
GBP/TRY 5.15271
GBP/ ZAR 18.06475
GBP/AED 4.91724

*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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