Foreign Exchange Business Foreign Exchange Personal Foreign Exchange Partners

Foreign Exchange Daily Market Update 13/02/2018

Tue, February 13, 2018

Pound may bounce back.

With Brexit talk back on the agenda for sterling, but that doesn’t mean sterling will tumble, according to some analysis.

As the British government are set to outline its Brexit vision this week ahead of next month’s EU leaders’ summit, we may see the currency bounce back, the repricing of Bank of England rate increase show signs that economic data rather politics will be a key factor.

In the short-term risks around, key Brexit events have tended to be shaky, with the pound sharply rebounding. In the current environment, we would expect the same risk-reward dynamics with a positive outcome, in this case as a visible increase as an agreed Brexit transition deal, leading to a sharp bounce in GBP/USD to above $1.40.”

The pound was trading $1.387 this morning against the dollar, as some are predicting it could rise to $1.43 in a month. Sterling fell to 1.125 against the Euro. 

 

Data to look out today.   

Not much data due 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
Tue 09:30 GBP GBP CPIH (YoY)
Tue 09:30 GBP GBP Consumer Price Index (MoM)
Tue 09:30 GBP GBP Consumer Price Index (YoY)
Tue 09:30 GBP GBP Core Consumer Price Index (YoY)
Tue 09:30 GBP GBP Retail Price Index
Tue 09:30 GBP GBP Retail Price Index (MoM)
Tue 09:30 GBP GBP Retail Price Index (YoY)
Tue 09:30 GBP GBP Retail Price Index Ex Mort Int.Payments (YoY)
Tue 09:30 GBP GBP Producer Price Index Input n.s.a. (MoM)
Tue 09:30 GBP GBP Producer Price Index Input n.s.a. (YoY)
Tue 09:30 GBP GBP Producer Price Index Output n.s.a. (MoM)
Tue 09:30 GBP GBP Producer Price Index Output n.s.a. (YoY)
Tue 09:30 GBP GBP Producer Price Index Output Core n.s.a. (MoM)
Tue 09:30 GBP GBP Producer Price Index Output Core n.s.a. (YoY)
Tue 09:30 GBP GBP House Price Index (YoY)
Tue 11:00 USD USD NFIB Small Business Optimism
Tue 13:00 USD USD Fed's Mester to Discuss Monetary Policy and Economic Outlook
Tue 16:30 USD USD U.S. to Sell 4-Week Bills

Foreign Exchange Rates

GBP/ USD 1.38759
GBP/ EUR 1.12647
EUR/ USD 1.23122
GBP/ AUD 1.76475
GBP/ CAD 1.74546
GBP/ CHF 1.29728
GBP/ CZK 28.619
GBP/ DKK 8.3928
GBP/ HKD 10.87466
GBP/ INR 89.1107
GBP/ JPY 149.373
GBP/ NOK 10.95543
GBP/ NZD 1.90456
GBP/ PLN 4.70617
GBP/ SEK 11.18049
GBP/ SGD 1.83652
GBP/ THB 43.7210
GBP/ TRY 5.2605
GBP/ ZAR 16.54030

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

February 2018
S M T W T F S
28 29 30 31 1 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 1 2 3
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