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Foreign Exchange Daily Market Update 11/04/18

Wed, April 11, 2018

U.K. Manufacturing output decreases for first time in nearly a year

U.K. manufacturing fell for the first time in 11 months in February, led by output of machinery and equipment.

Factory production fell 0.2% since January, when output was unchanged. Overall industrial production rose smaller-than- predicted of 0.1% as a harsh winter and below-average temperatures increased demand for energy.

It ends a remarkable run for manufacturers that has helped to support the economy as the squeeze from rising prices takes its toll on consumer spending.

Seven out of 13 manufacturing sectors saw output fall in February, with machinery and equipment falling 3.9% after a strong January. In the latest three months, factory output increased by 0.6%, the least since July.

The Pound fell to $1.418 against the dollar, after touching 1.42.  Sterling rose to 1.146 against the Euro.

 

Data to look out today.   

12:00 EUR Draghi Speaks in Frankfurt.

13:30 USD Consumer Price Index  

 

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
WED 08:30 GBP GBP Visible Trade Balance (Pounds)
WED 08:30 GBP GBP Trade Balance Non EU GBP/Mn
WED 08:30 GBP GBP Trade Balance
WED 08:30 GBP GBP Industrial Production (MoM)
WED 08:30 GBP GBP Industrial Production (YoY)
WED 08:30 GBP GBP Manufacturing Production (MoM)
WED 08:30 GBP GBP Manufacturing Production (YoY)
WED 08:30 GBP GBP Construction Output SA (MoM)
WED 08:30 GBP GBP Construction Output SA (YoY)
WED 11:00 GBP GBP NIESR Gross Domestic Product Estimate
WED 11:00 USD USD MBA Mortgage Applications
WED 11:00 EUR EUR ECB's Draghi Speaks in Frankfurt
WED 12:30 USD USD Consumer Price Index (MoM)
WED 12:30 USD USD Consumer Price Index Ex Food and Energy (MoM)
WED 12:30 USD USD Consumer Price Index (YoY)
WED 12:30 USD USD Consumer Price Index Ex Food and Energy (YoY)
WED 12:30 USD USD Consumer Price Index n.s.a.
WED 12:30 USD USD Consumer Price Index Core Index s.a.
WED 12:30 USD USD Real Avg Weekly Earnings (YoY)
WED 12:30 USD USD Real Avg Hourly Earning (YoY)
WED 14:30 USD USD DOE U.S. Crude Oil Inventories
WED 14:30 USD USD DOE Cushing OK Crude Inventory
WED 14:30 USD USD DOE U.S. Gasoline Inventories
WED 14:30 USD USD DOE U.S. Distillate Inventory
WED 17:00 USD USD U.S. to Sell USD21 Bln 10-Year Notes Reopening
WED 18:00 USD USD Monthly Budget Statement
WED 18:00 USD USD FOMC Meeting Minutes
WED 23:01 GBP GBP RICS House Price Balance

Foreign Exchange Rates

GBP / USD 1.41845
GBP / EUR 1.14677
EUR / USD 1.23589
GBP / CAD 1.78825
GBP / AUD 1.82973
GBP / CHF 1.3593
GBP / CZK 29.0333
GBP / DKK 8.54247
GBP / HKD 11.13792
GBP / INR 92.4897
GBP / JPY 151.769
GBP / MUR 47.54
GBP / NOK 11.0327
GBP / NZD 1.92511
GBP / PLN 4.80285
GBP / SEK 11.8181
GBP / SGD 1.85670
GBP / THB 44.2292
GBP / TRY 5.88178
GBP / ZAR 17.10958

*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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