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Foreign Exchange Daily Market Update 09/03/2018

Fri, March 09, 2018

U.K. Industry Output Jumps Amid Oil Rebound, Record Factory Run

U.K. industrial production had its largest monthly increase in more than a year in January.

Increase of 1.3% from December came as factory output rose for a ninth consecutive month and oil production bounced back after the reopening of a key North Sea pipeline.

Manufacturers boost comes from a synchronized global upswing and in January they increased output by 0.1, the data show, the strongest sectors were transport equipment, machinery, and rubber and plastics products.

Oil and gas production increase by 32%, after the Forties Pipeline System closed for repairs for nearly 3 weeks in December.  

The data shows a recent advancement in the U.K.’s economic prospects.

Despite the gain in manufacturing it was still less than expected.

Construction fell 3.4% the most since June 2012 on the back of declines in housebuilding and commercial developments.

The Pound fell to $1.38 this morning against the dollar. Sterling remained unchanged at 1.122 against the Euro.

 

Data to look out today.   

13:30 USD no farms payroll.

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 07:00 EUR EUR German Trade Balance
FRI 07:00 EUR EUR German Current Account (euros)
FRI 07:00 EUR EUR German Exports s.a. (MoM)
FRI 07:00 EUR EUR German Imports s.a. (MoM)
FRI 07:00 EUR EUR German Industrial Production s.a. (MoM)
FRI 07:00 EUR EUR German Industrial Production n.s.a. and w.d.a. (YoY)
FRI 07:00 EUR EUR Labor Costs SA (QoQ)
FRI 07:00 EUR EUR Labor Costs WDA (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 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 12:00 GBP GBP NIESR Gross Domestic Product Estimate
FRI 13:30 USD USD Change in Non-farm Payrolls
FRI 13:30 USD USD Two-Month Payroll Net Revision
FRI 13:30 USD USD Change in Private Payrolls
FRI 13:30 USD USD Change in Manufact. Payrolls
FRI 13:30 USD USD Unemployment Rate
FRI 13:30 USD USD Underemployment Rate
FRI 13:30 USD USD Average Hourly Earnings (MoM)
FRI 13:30 USD USD Average Hourly Earnings (YoY)
FRI 13:30 USD USD Average Weekly Hours All Employees
FRI 13:30 USD USD Labor Force Participation Rate
FRI 15:00 USD USD Wholesale Trade Sales (MoM)
FRI 15:00 USD USD Wholesale Inventories (MoM)
FRI 17:40 USD USD Fed's Rosengren Speaks on Outlook
FRI 17:45 USD USD Fed's Evans Speaks on Monetary Policy
FRI 18:00 USD USD Baker Hughes U.S. Rig Count

Foreign Exchange Rates

GBP / USD 1.38053
GBP / EUR 1.12249
EUR / USD 1.23083
GBP / AUD 1.769656
GBP/ CAD 1.7777
GBP / CHF 1.31181
GBP / CZK 28.5309
GBP/ DKK 8.361710
GBP/ HKD 10.81215
GBP/ INR 89.8800
GBP/ JPY 147.324
GBP / MUR 45.43
GBP/ NOK 10.7619
GBP/ NZD 1.89628
GBP/ PLN 4.71270
GBP/ SEK 11.41195
GBP/ SGD 1.81852
GBP/ THB 43.2474
GBP/ TRY 5.27038
GBP/ ZAR 16.44484

*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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