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Foreign Exchange Daily Market Update 07/12/2017

Thu, December 07, 2017

Sterling falls as May Faces a rebellion, from all sides over Brexit.

The British pound fell for a second day in a row against the dollar, as Theresa May is reportedly facing a rebellion from all sides just days before a key meeting with the EU.

Sterling touched its lowest in a week as reports claimed that a source from the Northern Irish party which props up May’s government told him there would no Brexit deal this week. Theresa May is also facing resistance from her own ministers over her plan to keep U.K. regulations on par with the EU after Brexit, with only days to get talks back on track.

The performance of the pound heading into next year rests primarily on whether the border issue can be resolved by the end of the week,

Sterling fell 0.6 % to $1.3364 against the dollar, after touching $1.3358, the lowest since Nov. 29. It weakened 0.5% to 1.131 against the euro.


Data to look out today.   

16:00 EUR Draghi conference in Frankfurt.





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

Data Releases

Day Time Currency Event
THUR 07:00 EUR EUR German Industrial Production s.a. (MoM)
THUR 07:00 EUR EUR German Industrial Production n.s.a. and w.d.a. (YoY)
THUR 08:30 GBP GBP Halifax House Prices (MoM)
THUR 08:30 GBP GBP Halifax House Price 3Mths/Year
THUR 10:00 EUR EUR Euro-Zone Gross Fixed Capital (QoQ)
THUR 10:00 EUR EUR Euro-Zone Government Expenditure (QoQ)
THUR 10:00 EUR EUR Euro-Zone Household Consumption (QoQ)
THUR 10:00 EUR EUR Euro-Zone Gross Domestic Product s.a. (QoQ)
THUR 10:00 EUR EUR Euro-Zone Gross Domestic Product s.a. (YoY)
THUR 12:30 USD USD Challenger Job Cuts (YoY)
THUR 13:30 USD USD Initial Jobless Claims
THUR 13:30 USD USD Continuing Claims
THUR 15:30 USD USD EIA Natural Gas Storage Change
THUR 15:30 USD USD EIA Working Natural Gas Implied Flow
THUR 16:00 EUR EUR Draghi holds conference as GHOS chair in Frankfurt
THUR 17:00 USD USD Household Change in Net Worth
THUR 20:00 USD USD Consumer Credit

Foreign Exchange Rates

GBP/USD 1.33878
GBP/EUR 1.13432
EUR/USD 1.18210
GBP/AUD 1.7842
GBP/CAD 1.71531
GBP/CHF 1.32214
GBP/CZK 29.0711
GBP/DKK 8.44119
GBP/HKD 10.4491
GBP/INR 86.2858
GBP/JPY 150.677
GBP/ NOK 11.0875
GBP/ NZD 1.95591
GBP/PLN 4.77348
GBP/ SEK 11.25901
GBP/ SGD 1.80419
GBP/THB 43.6459
GBP/TRY 5.15271
GBP/ ZAR 18.14368
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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